New Guidance on Issuing Opinion Letters for Pre-approved Plans

Rev. Proc. 2017-41 provides updated guidance on the issuance of opinion letters for pre-approved plans, i.e., volume submitter and master/prototype plans.

Document Excerpt

This revenue procedure sets forth the procedures of the Internal Revenue Service (IRS) for issuing Opinion Letters regarding the qualification in form of Pre-approved Plans under ยงยง 401, 403(a), and 4975(e)(7) of the Internal Revenue Code (Code). In addition, this revenue procedure modifies the IRS pre-approved letter program by combining the master and prototype (M&P) and volume submitter (VS) programs into a new Opinion Letter program.


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