k man Posted July 9, 2001 Posted July 9, 2001 where can i find the procedure for using the VCP self correction program in order to correct the failure to amend for TRA 86?
Everett Moreland Posted July 9, 2001 Posted July 9, 2001 Start with Revenue Procedure 2001-17, § 12.01(3). It can't be self-corrected; it must be submitted to the IRS>
Guest JBeck Posted July 12, 2001 Posted July 12, 2001 I believe that part 12 of Rev. Proc. 2001-17 states that the IRS fee for failure to amend for TRA 86 is the "presumptive amount" meaning if the employer has 10 or fewer employees the fee is $2,000. This seems like a deal. Can someone please confirm my reading of the procedure is correct?
k man Posted July 12, 2001 Author Posted July 12, 2001 Does 2001-17 require that the sponsor submit an application for a determination letter to the same location with its Request for correction of the failure?
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