Guest jim williams Posted May 31, 2001 Posted May 31, 2001 What is the statute of limitations for plan years being subject to IRS audit? I believe it is six years?
MWeddell Posted June 1, 2001 Posted June 1, 2001 Without looking it up, my recollection is that it is 6 years from the due date of the annual Form 5500. However, many types of errors could be considered to be a continuing disqualification event if the error wasn't corrected for all subsequent years, so I wouldn't rely too heavily on the passing of the limitations period.
Jon Chambers Posted June 1, 2001 Posted June 1, 2001 From memory, it is 6 years from filing of a Schedule P. And of course, there are exceptions for fraud, etc. Jon C. Chambers Schultz Collins Lawson Chambers, Inc. Investment Consultants
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