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IRS Determination Letters

J Simmons

By J Simmons
in Retirement Plans in General

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IRS Determination Letters if Prototype Used  

15 members have voted

  1. 1. What are you recommending to ERs?

    • I recommend it to all ERs that have QRPs
      2
    • I recommend it to all ERs that I can verify have a complete document history (since last d-letter, if appplicable, or plan inception)
      1
    • I simply draw out for the ER the pros and cons of applying and make no recommendation
      3
    • I explain the determination letter application process, but discourage ERs from applying
      3
    • I don't even tell ERs about the determination letter opportunity; the IRS opinion or notification letter is sufficient
      6

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J Simmons

J Simmons

Posted
Posted

What are you recommending ERs do with their restated EGTRRA plan documents using an IRS-approved prototype, regarding whether to apply for an IRS determination letter?

John Simmons

johnsimmonslaw@gmail.com

Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.

Guest Sieve

Guest Sieve

Posted
Posted

You forgot at least one choice: "What's an IRS determination letter?" (Of course, I'm only half kidding . . .!)

J Simmons

J Simmons

Posted
  • Author
Posted

Larry, I should have known we were playing Jeopardy! and phrased them all as questions.

John Simmons

johnsimmonslaw@gmail.com

Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.

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