IRS is expanding its voluntary correction program for retirement plans. Sponsors of 403(b) plans can now participate. Under these procedures, employers that discover minor mistakes in their plans’ operations can report them to IRS, fix the errors and pay a modest fine without having their plans disqualified.
Beginning in April, sponsors must use Forms 8950 and 8951 to apply for relief. For more details on all the rules or for help with IRS, tax audits, tax problems, back taxes, tax settlements, tax debt, Offer in Compromise, tax help, IRS debt, a tax lien, a state tax levy, an IRS levy, an IRS tax lien, contact us. If you need IRS help and have unresolved cases with previous tax lawyers and tax attorneys, we can help find an optimal resolution for your indigenous needs. Contact us at 201-947-8081 or 646-688-2807, or email us at firstname.lastname@example.org.