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EPCRS 2016: What’s new? What’s different?
Presentor: Derrin Watson Recorded Date: 1/11/2017 Duration: 60 Min.

This program was recorded during a live presentation given on January 11, 2017 at 12:00PM EST.

The 2016 version of the Employee Plans Compliance Resolution System incorporated changes made in the last three years to the plan correction program and made several other important modifications. The most important changes relate to the end of individual determination letters for amended plans but there are several other key modifications. This special 60 minute program will bring you up to date on the key changes in EPCRS 2016.

Topics include:

  • Effective date
  • 2015 changes
  • VCP fees removed from EPCRS
  • Changes to Audit CAP sanctions
    • Consideration for sanctions for Nonamender failures
  • Changes to Favorable Letter requirement for self-correction
  • Elimination of determination letter submission on VCP submission
  • Change to Anonymous VCP
  • New VCP Forms

There are no prerequisites or other advanced preparation for this program. Attendees should have a general familiarity with the Employee Plans Compliance Resolution System, and a minimum of two years of experience in working with qualified plans.

Level: Intermediate

Instructional Delivery Method: Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

Objectives: After attending the program you should be able to:

  • List the major changes in EPCRS
  • Advise a client regarding the risks of various correction choices
  • Locate VCP forms and fees

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