Guidance On Obtaining Determination Letters

As is customary, the IRS has released the -6 revenue procedure, i.e., Revenue Procedure 2015-6 which provides guidance on obtaining a determination letter from the IRS.

Document Excerpt

This revenue procedure sets forth the procedures of the Internal Revenue Service for issuing determination letters on the qualified status of pension, profit-sharing, stock bonus, annuity, and employee stock ownership plans (ESOPs) under §§ 401, 403(a), 409 and 4975(e)(7) of the Internal Revenue Code of 1986, and the status for exemption of any related trusts or custodial accounts under § 501(a). Also see Rev. Proc. 2007–44, 2007–2 C.B. 54, as modified by Rev. Proc. 2008–56, 2008–2 C.B. 826, and Rev. Proc. 2009–36, 2009–2 C.B. 304, which contains a description of the determination letter program, including when to submit a request for a determination letter within the 5-year and 6-year staggered remedial amendment cycles, that apply to individually designed and pre-approved (Master & Prototype and Volume Submitter (VS)) plans. Also see Rev. Proc. 2011–49, 2011–44 I.R.B. 608, for procedures for pre-approved plans.


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