"To give financial institutions reasonable time to fully implement the new requirements, the additional reporting for hard-to-value IRA investments will be optional for 2014. The new reporting requirements will be described in the 2014 Instructions for Forms 1099-R and 5498, which are expected to be issued around the end of the year.... To encourage 403(b) plan sponsors to correct [the failure to have adopted a written plan reflecting a good faith attempt to comply with Code section 403(b) and the 403(b) final regulations by December 31, 2009] voluntarily, we're reducing the Voluntary Correction Program compliance fee by 50% if you mail your VCP submission to IRS by December 31, 2013."

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