IRS Facilitates Correction of Certain Pension Plan Compliance Issues | Favor Swift Collins & Smith
On July 16, 2021, the IRS issued Revenue Procedure 2021-30, an updated version of the Employee Plans Compliance Resolution System (“EPCRS”). Pension plan sponsors can use the EPCRS to correct certain compliance errors and avoid the adverse tax consequences associated with plan exclusion. We have provided a summary of theRead More →