austin3515 Posted January 18, 2021 Posted January 18, 2021 That special rule for missed deferral opportunity in an auto enrollment plan was set to expire 12/31/2020. Does anyone know if the IRS extended it somewhere along the way? Austin Powers, CPA, QPA, ERPA
FORMER ESQ. Posted January 18, 2021 Posted January 18, 2021 I was hoping the IRS would extend, but have not seen anything yet. B. Parvarandeh legalbp@gmail.com
RatherBeGolfing Posted January 18, 2021 Posted January 18, 2021 New EPCRS is "in the works", and I think this is one of the driving issues. No word on when we can expect it as far as I know.
FORMER ESQ. Posted January 20, 2021 Posted January 20, 2021 On 1/18/2021 at 3:08 PM, RatherBeGolfing said: New EPCRS is "in the works", and I think this is one of the driving issues. No word on when we can expect it as far as I know. Great! That is all we need is a new EPCRS. They could easily handle the extension in one page Rev. Proc. B. Parvarandeh legalbp@gmail.com
austin3515 Posted February 3, 2021 Author Posted February 3, 2021 Important aspect of this to note. It IS available for failures that began on or before 12/31/2020. Austin Powers, CPA, QPA, ERPA
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