415 regs

[Tom Poje]

interesting - the 'correction methods' under the old regs 1.415-6(b)(6) have been eliminated. (these included the return of deferrals for 415 violations.) however, the news regs say you can use the old rules pending further guidance, but only if you qualify under the EPCRS program.

and those comments are only found in the preamble not in the actual regs, so when you get a new copy of the regs and throw out your old one, hhmmmm. lets see, you might not have the preamble, and if the old regs aren't included somewhere in your new copy, you won't even have that.

gotta love it!

oh, the further guidance depends on comments received via EPCRS (Rev Proc 2006-27, section 2)