EBP2440. IRS Corrections Under EPCRS

This session will cover the IRS correction programs under the Employee Plans Compliance Resolution System, commonly known as EPCRS and currently set out in Rev. Proc. 2021-30. The session will discuss common and unusual failures and correction methods. The session will also cover changes to EPCRS that are required by the recently-passed SECURE 2.0 Act

Learning Objectives:

• Recognize updates made to EPCRS.
• Determine how to use self-correction when the plan is chosen for an enforcement examination.
• Analyze common corrections and errors.