IRS Offers Determination Letter Program Insights

The Internal Revenue Service (IRS) is conducting an audio forum on its new determination letter program for qualified plans.

According to an announcement, Andrew Zuckerman, director of Employee Plans Rulings and Agreements, will be joined by Vickie Surguy, manager, EP Determinations, to discuss:

  • the status of the new determination letter program;
  • the types of “reliance” available to preapproved plans, with or without a determination letter;
  • tips on completing the new Form 5307, along with ways to avoid common mistakes to make the process go more smoothly.

The free forum is scheduled for March 31 at 2 p.m. ET.

More information is available here.

Enrolled agents and enrolled retirement plan agents can earn one CPE credit if they remain on the phone forum presentation for 50 minutes. The IRS noted that other professional groups should consult with their respective licensing agencies regarding acceptability of credit.