188bet亚洲真人体育下载 支持s IRS Expansion of Scope of Retirement Plan Determination Letter Program
2018年8月23日
的 American Institute of CPAs (188bet亚洲真人体育下载) has submitted recommendations to the Internal Revenue Service (IRS) in response to Notice 2018-24, Request for Comments on Scope of Determination Letter Program for Individually Designed Plans during Calendar Year 2019.
188bet亚洲真人体育下载的 信 explained that the purpose of the determination 信 program is to provide assurance to plan stakeholders (e.g., plan sponsors, participants, beneficiaries, auditors, counsel, etc.), through the issuance of a favorable determination 信 by the IRS, that the written terms of a qualified retirement plan are in compliance with the tax qualification requirements of Internal Revenue Code section 401(a) so that plan sponsors and participants are assured of tax benefits.
Notice 2018-24 specifically asks for comments about the types of plans the IRS and the Department of the Treasury should consider during the 2019 determination 信 application process, as a result of significant law changes (as defined in Rev. Proc. 2016-37), new approaches to plan design, and the inability of certain types of plans to convert to pre-approved plan documents.
188bet亚洲真人体育下载的 recommended that:
- 的 IRS and Treasury Department expand the scope of the determination 信 program for individually designed plans (IDPs) during 2019 and beyond.
- 的 IRS and Treasury Department accept applications for determination 信s for IDPs in the following circumstances:
- Certain Employee Plan Compliance Resolution System matters and plans with adoption agreements that include significant pre-approved plan document changes;
- Qualified plans with multiple benefit structures; and
- Employee Stock Ownership Plans