- Effective July 21, 2015 the IRS will no longer accept off-cycle determination letter applications.
- Effective January 1, 2017, the IRS will eliminate the five-year restatement cycle system for individually designed plans.
- Cycle E plans (EINs ending in 0 or 5 and governmental plans) and Cycle A plans (plans with EINs ending in 1 or 6) will still be able to file for a determination letter during their cycle.
IRS Issues Guidance on 2020 Required Minimum Distributions
The Internal Revenue Service (“IRS”) has published Notice 2020-51 (“Notice”) providing much needed guidance on the waive...READ MORE