Randall & Hurley, Inc.
Loren D. Stark Company
EPIC Retirement Plan Services
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|IRS Waives Excise Taxes on Four Transactions Described in DOL Voluntary Fiduciary Correction Program (PDF)|
Internal Revenue Service [IRS]
Mar. 28, 2002
Announcement 2002-31. Excerpt: [T]he Service will not seek to impose the § 4975 (a) and (b) excise taxes with respect to any prohibited transaction that is covered by the proposed class exemption [now being proposed by the DOL] notwithstanding any subsequent changes to the proposed class exemption when it is finalized, provided that all of the requirements specified in the proposed class exemption are met.
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