Upcoming Changes to Determination Letter Program

Announcement 2011-82 announces several changes to the determination letter program.

Document Excerpt

This announcement describes several important changes to the Employee Plans determination letter program that will take effect in 2012. These changes eliminate features of the determination letter program that are of limited utility to plan sponsors in comparison with the burdens they impose. The changes also are expected to improve Internal Revenue Service (“Service”) efficiency by reducing the time it takes the Service to process determination letter applications. Under these modified procedures, many employers will no longer apply for determination letters.

Link http://www.irs.gov/pub/irs-drop/a-11-82.pdf

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