Roxie99 Posted April 27, 2022 Posted April 27, 2022 Can we self-correct an operational failure in a terminated plan or is correction of such failure only available by going to the IRS via VCP per Section 4.07 of Rev. Proc. 2021-30. Section 4.07 doesn't say SCP is prohibited (unlike, for example, Section 4.08 which says SCP is not available to correct failures in orphaned plans).
Nate S Posted April 28, 2022 Posted April 28, 2022 It depends if the failure is originally eligible for SCP or not.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now