PKF O'Connor Davies Accountants and Advisors
PKF O'Connor Davies Accountants and Advisors
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IRS Voluntary Correction Program (VCP) User Fee Changes Effective in 2018

Article Excerpt:

Effective January 2, 2018, the Internal Revenue Service (IRS) simplified the user fees charged for most submissions made under the Voluntary Correction Program (VCP). The total amount of net plan assets determines the applicable user fee. Most alternative or reduced fees that were part of previous revenue procedures no longer apply.