IRS Reminder–Not All 403(b) Errors can be corrected under VCP

The IRS reminds taxpayers that not all errors under a Section 403(b) arrangement are eligible to be corrected using VCP.

Document Excerpt

Recently, we have received several Voluntary Correction Program submissions for 403(b) retirement plan failures that are currently ineligible for correction through VCP. Ineligible submissions include cases where:


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