Future Changes to Determination Letter Program

Announcement 2015-19 announces long-anticipated future changes to the IRS’ Determination Letter program.

 Document Excerpt

Effective January 1, 2017, the IRS will eliminate the staggered 5-year remedial amendment cycles for individually designed plans. As of that date, the IRS will no longer accept determination letter applications based on the 5-year remedial amendment cycles. However, sponsors of Cycle A plans, described in section 9.03 of Rev. Proc. 2007-44, will continue to be permitted to submit determination letter applications during the period beginning February 1, 2016, and ending January 31, 2017.

 

Link

http://www.irs.gov/pub/irs-drop/a-15-19.pdf

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