New VCP forms??

[Rai401k]

Just got an email from benefitlinks and noticed it said something about VCP Submission documents. When I clicked on the link it took me to the IRS website and i see they have new VCP forms.

Form 14568 is the Appendix C Part I - Model VCP Submission Compliance Statement.

I just received a signed submission back from the client and I am about to put in the mail when i saw this. The forms i used which i probably downloaded from the IRS website about a month ago did not have a form number.

Does anyone know if it's ok to continue to submit using the old forms or do we have start using these new ones right away??

[Lou S.]

Not sure on this one but there is typically a grace period the IRS allows when new forms are released like this. For example the new 5310 came out in December and while the IRS encourages you to use the new form, they did allow you to use the old form for 6 months I believe. I imagine something like this would be similar but you never know sometimes with the IRS.

[Rai401k]

Not sure on this one but there is typically a grace period the IRS allows when new forms are released like this. For example the new 5310 came out in December and while the IRS encourages you to use the new form, they did allow you to use the old form for 6 months I believe. I imagine something like this would be similar but you never know sometimes with the IRS.

Thanks Lou. I think you're right. I called the IRS just to make sure....of course they didn't know.

The agent told me that she wasn't even aware of the new forms

She said the only answer she has for me is if i don't want to redo the submission on the new forms to send in what i have and if they don't accept it they would contact me to send in the new ones .