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Posted

Rather shocking. We were asked to clean up a non-compliant plan. Just submitted an uncomplicated VCP filing in mid-October for failure to timely adopt a PPA document. Received IRS Compliance Statement already! Since I'm always quick to bash the IRS for taking too long, I have to give them kudos for doing this one so fast! Never had one turn around in 4 weeks previously.

Posted
3 hours ago, Belgarath said:

Rather shocking. We were asked to clean up a non-compliant plan. Just submitted an uncomplicated VCP filing in mid-October for failure to timely adopt a PPA document. Received IRS Compliance Statement already! Since I'm always quick to bash the IRS for taking too long, I have to give them kudos for doing this one so fast! Never had one turn around in 4 weeks previously.

Don't worry; it was a mistake and won't happen again. That employee has been terminated!  With extreme prejudice!!!!!

Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC
President
Qualified Plan Consultants, Inc.
46 Daggett Drive
West Springfield, MA 01089
413-736-2066
larrystarr@qpc-inc.com

Posted

When I raised the concern about late filing responses from IRS in the past year to several speakers at the ALI-CLE October conference, one of the conference co-chairs said they received a response back in one month. Must be the same IRS employee---to Larry's point, probably gone by now.

Posted

We had a similar situation a few weeks ago. We have had several VCP applications pending for over a year now, but submitted a late amender (failure to restate for EGTRRA and PPA) and had the signed compliance letter back in about a week. 

The still-pending applications are more individualized with non-safe-harbor correction requests. The late amender submission was on a Form 14568-B. I assumed that was the difference.

  • 3 weeks later...
Posted

Still have one pending that was submitted August 2018 - very simple, wasn't even assigned until July of this year.  Got some questions back in September (that indicated the reviewer didn't understand it).  Responded right away, since then - crickets. 

I carry stuff uphill for others who get all the glory.

  • 2 months later...
Posted

I have left several messages on the VCP status line the IRS posts online (626) 927-2011 over the past several months and have never received a follow up call.  The line seems to have gone dark since they switched to electronic submission.  Any different experiences out there?  Any other suggestions on how to check status of an application?

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