A Poll: VCP Timing and Results?

[casey72]

Has anyone received IRS approval of a correction in VCP that was less participant-friendly than EPCRS guidelines would have required? (For example, IRS approved a 25% QNEC when EPCRS guidelines would have required 50%?)

For anyone who has filed a VCP application in the last couple of years, how long is it taking the IRS to get back to you?

Thanks!

[EBP]

No.

I filed a VCP application on March 1, 2023, and received a Compliance Statement on February 18, 2025. By contrast, I filed a different application on December 7, 2020, and received a Compliance Statement on January 28, 2021. Both were nonamender failures.