John A Posted January 2, 2001 Posted January 2, 2001 Does the following excerpt from Rev. Proc. 2000-20 mean that sponsors of regional prototype plans do not need to send annual notices or the IRS certification letter in January of 2001 that was required in January of 2000 (required by Rev. Proc. 95-42 and 89-13)? This revenue procedure simplifies the record keeping requirements that applied to regional prototype plan sponsors under Rev. Proc. 89-13 and applies these simplified requirements to all sponsors. Under this revenue procedure, every sponsor will be required to maintain or have maintained on its behalf, and to provide to the Service when requested, a list of the employers that have adopted its plan, but sponsors will not have to provide the annual notices that were required by Rev. Proc. 89-13.
Guest michaelv Posted January 3, 2001 Posted January 3, 2001 I believe you are correct and a mailing is not necessary. From what I understand, prior to the rev. proc, the mailing requirement applied to regional prototypes and not national ones. In order to streamline things and to have both types of prototypes treated similarly, the mailing requirement for regionals was done away with in this rev. proc.
Dawn Hafner Posted January 29, 2001 Posted January 29, 2001 Does anyone have a definite answer to this issue? Did 2000-20 do away with the annual notification under 89-13 effective now, so that the usual January 31, 2001 notices do not need to be sent out? Thanks. DMH
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