Subject: BL-Newsletter: EPCRS: Rev. Proc. 98-22 Released
Date: Tue, 10 Mar 1998 13:36:54 -0500
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ALPHABET SOUP? NO, JUST IRS AGAIN
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IRS Revenue Procedure 98-22 has been released,
providing a consolidated set of procedures for
correction of defects in the operation of
tax-qualified retirement plans. The new
procedures replace APRSC, VCR, Walk-in CAP and
Audit CAP ... the new procedures are called the
employee plans compliance resolution system
(EPCRS).
EPCRS does not incorporate or modify the tax
sheltered annuity voluntary correction program
(TVC) for 403(b) programs under Rev. Proc. 95-24
(yet).
For the full text of the new procedures, see
http://www.benefitslink.com/IRS/revproc98-22.shtml
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