Don’t Pay More than Necessary for VCP Submissions

April 29, 2017

The IRS recently released a memo regarding the fees for the Voluntary Correction Program. The IRS has noticed an uptick in submissions with incorrect user fees, many of which were higher than is required. Plan sponsors need to make sure they are using Rev. Proc. 2017-04, Appendix A.08 to determine the correct fee associated with VCP user submissions for 2017. In February 2016, many types of 401(a) and 403(b) submission fees were reduced. Plan sponsors will want to use the correct fee schedule to avoid overpaying VCP submission fees.

Please reload

Featured Posts

HIPAA Fines--Not Going Away!

January 15, 2016

The Office of Civil Rights (OCR) of the U.S. Department of Health and Human Services recently announced a resolution agreement with Triple-S Managemen...

Please reload

Recent Posts
Please reload

Please reload

© 2019 by Ledbetter Parisi LLC.