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Updated IRS correction principles and changes to VCP outlined in EPCRS Revenue Procedure 2021-30
The IRS Employee Plans Compliance Resolution System (EPCRS) permits any size business or organization that sponsors a retirement plan (including SEP and SIMPLE IRA plans) to identify and correct plan failures.
Frequently Asked Questions
Elective pay and transferability frequently asked questions: Elective pay
Elective pay and transferability frequently asked questions: Elective pay
Frequently Asked Questions
Charities and Nonprofits, Businesses, Individuals