Advisory Committee on Tax Exempt and Government Entities (ACT ...

More documents

Recommendations

Info

Improving the Employee Plans Compliance Resolution System: A Roadmap For Greater ComplianceEXHIBIT C EPCRS Notice of Intent to File VCP Application Who May Complete: Each Plan Sponsor who intends to voluntarily correct a Plan Document orOperational Failure and who is not Under Examination (within the meaning of IRS Notice 2007-46) mayfile this Notice of Voluntary Correction to inform the IRS of a Voluntary Compliance Application to besubmitted within 180 days. Two copies of the Notice are to be filed with: Internal Revenue Service,EPCU, Washington, DC. It should be accompanied by an extension of the statute of limitations for six (6)months for all years involved.Retention of This Form: A copy of this form is to be retained and attached to the VCP filing.Effect of this Notice Filing: This Notice puts the IRS on Notice that the Plan Sponsor will be filing aVCP Application within 180 days of the date this Notice is filed. During such 180-day period, theFailure(s) identified in the Notice will be exempt from audit. If a VCP Application or Notice of Self-Correction is not filed within the 180-day period, this Notice shall expire and no additional notices (otherthan the VCP) may be filed with regard to the identified defects. The Service may for good cause extendsuch 180-day period. The Service may also refer the Plan for audit if the VCP submission is not madewithin the 180-day period. If additional defects or years involved are later determined, an amendedNotice can be filed, but it will not extend the six months period. Only one Notice may be outstanding atany time with regard to a Plan.1. Name of Plan 2. Employer Identification Numberof Plan (or if none, Sponsor)3. Plan Number4. Name and Address ofPlan Administrator5. Name and Address of PlanSponsor6.□□InitialAmendment7. Name, address and telephone number of contact person/authorized representativeif information needed:8 List defects identified (additional sheet may be attached) with specificity, includingyears involved:I certify that the above information is true and correct to the best of my knowledge.Plan Sponsor or Plan AdministratorBy: ________________________________________________________Date SignedName of Plan Sponsor or Plan Administrator (Please Print)____________________________Signature of Person Signing_____________________________________Title of Person Signing_________________________________________ADVISORY COMMITTEE ON TAX EXEMPT AND GOVERNMENT ENTITIES (ACT) June 11, 2008 52
EXHIBIT DSubmission Type:(insert from list of Submission Type Codes listed in instructions)Eligible for Expedited Processing for Standard Failure and Correction – Yes NoVOLUNTARY CORRECTION PROGRAM (VCP) APPLICATIONInternal Revenue Service Revenue Procedure 2006-27 (Rev. Proc. 2006-27) 98 establishes the VoluntaryCorrection Program (the “VCP”), which permits Plan Sponsors to correct a failure or failures to meet therequirements of the Internal Revenue Code for applicable plan years. The following constitutes asubmission under the VCP and a request for a compliance statement. All section references are to theSubmission Requirements in section 11.02 of the VCP unless otherwise indicated. If John Doe Submission Check this Box and Skip to Question 5.1. Name and Address of Plan Sponsor 2. Employer Identification Number3. Name of Plan 4. Plan Number5. Name, address and telephone number of contact person/authorized representative if more information needed:6. Type of Plan: 7. Check if the submission is one of the following: Qualified Plan (401(a)) Group Submission(Insert Plan Code from list in instructions) Anonymous Submission 403(b) Nonamender Submission SEP or SARSEP (408(k)) Multiemployer or Multiple Employer Plan SIMPLE IRA (408(p)) Submission Orphan Plan Submission Terminated Plan Submission8. Identification of Qualification Failure(s)9. Description of Qualification Failure(s):(Check all that apply and insert applicable Failure Code fromlist in instructions) Operational Failure Plan Document Failure Demographic Failure Employer Eligibility Failure98The Voluntary Correction Procedures are set forth in Internal Revenue Service Revenue Procedure 2006-27, 2006-22 I.R.B. 945.ADVISORY COMMITTEE ON TAX EXEMPT AND GOVERNMENT ENTITIES (ACT) June 11, 2008 53
Page 5:
ADVISORY COMMITTEE ON TAX EXEMPT AN
Page 9 and 10:
MEMBER BIOGRAPHIESGOVERNMENT ENTITI
Page 11 and 12:
GENERAL REPORTOF THEADVISORY COMMIT
Page 13:
General Report of the Advis
Page 18:
Improving the Employee Plans Compli
Page 23 and 24: Improving the Employee Plans Compli
Page 43: Improving the Employee Plans Compli
Page 69: Improving the Employee Plans Compli
Page 73 and 74: EXHIBIT D (CONTINUED)18. Descriptio
Page 75 and 76: EXHIBIT D (CONTINUED)VCP CHECKLISTT
Page 77 and 78: EXHIBIT D (CONTINUED)23. Have you i
Page 79 and 80: EXHIBIT D (CONTINUED)Instructions f
Page 81 and 82: EXHIBIT D (CONTINUED)23. Under Exam
Page 83 and 84: ADVISORY COMMITTEE ONTAX EXEMPT AND
Page 85: The Appropriate Role Of The Interna
Page 88 and 89: The Appropriate Role Of The Interna
Page 120 and 121:
The Appropriate Role Of The Interna
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 201:
The Streamlined Closing Agreement F
Page 204 and 205:
Page 206 and 207:
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
Page 214 and 215:
Page 217:
ADVISORY COMMITTEE ONTAX EXEMPT AND
Page 220 and 221:
PROTECTING PLAN BENEFITS:IMPROVING
Page 222 and 223:
Page 224 and 225:
Page 226 and 227:
Page 228 and 229:
Page 230 and 231:
Page 232 and 233:
Page 234 and 235:
Page 236 and 237:
Page 238 and 239:
Page 240 and 241:
Page 242 and 243:
Page 244 and 245:
Page 246 and 247:
Page 248 and 249:
Page 250 and 251:
Page 252 and 253:
Page 254 and 255:
Page 256 and 257:
Page 259 and 260:
Page 261 and 262:
Page 263 and 264:
Page 265 and 266:
Page 267:
Page 271 and 272:
Tax Treatment Of Cellular Telephone
Page 273 and 274:
Page 275 and 276:
Page 277 and 278:
Page 279 and 280:
IRC, 2007-CODE-VOL, SEC. 280F. LIMI
Page 281 and 282:
PENIRC S 274 Page 1 of 12IIRC, 2007
Page 283 and 284:
PENIRC S 274 Page 3 of 12relationsh
Page 285:
Employee Cell Phones Page 1 of 1Emp
Page 289 and 290:
15. Special Rules for Various Types
Page 292:
Withholding RequirementsACCOUNTING
Page 299:
Page 303 and 304:
Governmental Relationship and Commu
Page 305 and 306:
Page 307 and 308:
Page 309 and 310:
Page 311 and 312:
Page 313 and 314:
Page 315 and 316:
Page 317 and 318:
Page 319 and 320:
Page 321 and 322:
Page 323 and 324:
Page 325 and 326:
Page 327 and 328:
show all

Advisory Committee on Tax Exempt and Government Entities (ACT ...

Create successful ePaper yourself

Delete template?

Save as template?