Compliance September 21, 2011

IRS Issues Revised Procedure for Church Plans

The Internal Revenue Service (IRS) has issued Revenue Procedure 2011-44, which modifies the procedures for church plans that are filing a request for a determination letter. 
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The revenue procedure provides that plan participants and other interested parties be notified of the letter request.   

The notice says: This revenue procedure modifies Rev. Proc. 2011-4, 2011-1 I.R.B. 123, to require that plan participants and other interested persons receive a notice in connection with a letter ruling request under § 414(e) for a qualified plan, to require that a copy of the notice be submitted to the Internal Revenue Service (IRS) as part of the ruling request, and to provide procedures for the IRS to receive and consider comments relating to the ruling request from interested persons.

Revenue Procedure 2011-44 will be in Internal Revenue Bulletin 2011-39 on Sept. 26, 2011. The full procedure is available here. http://www.irs.gov/pub/irs-drop/rp-11-44.pdf 

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