Subject: BL-Newsletter: EPCRS: Rev. Proc. 98-22 Released Date: Tue, 10 Mar 1998 13:36:54 -0500 +++++++++++++++++ BenefitsLink Newsletter ++++++++++++++++ { } { Free, useful information about U.S. tax and labor laws } { and new Internet resources, for employee benefit plan } { sponsors, service-providers and participants. } { } +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ALPHABET SOUP? NO, JUST IRS AGAIN --------------------------------------------------- IRS Revenue Procedure 98-22 has been released, providing a consolidated set of procedures for correction of defects in the operation of tax-qualified retirement plans. The new procedures replace APRSC, VCR, Walk-in CAP and Audit CAP ... the new procedures are called the employee plans compliance resolution system (EPCRS). EPCRS does not incorporate or modify the tax sheltered annuity voluntary correction program (TVC) for 403(b) programs under Rev. Proc. 95-24 (yet). For the full text of the new procedures, see http://www.benefitslink.com/IRS/revproc98-22.shtml +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ { { To unsubscribe: send email to majordomo@majordomo.net { with "UNSUBSCRIBE BL-newsletter" in the text of the email { without the quotation marks. { { To subscribe: send email to majordomo@majordomo.net { with "SUBSCRIBE BL-newsletter" in the text of the email { without the quotation marks. { { Your email address is not sold or leased to junk mailers { or any other organization ... no spam, just BenefitsLink! { BenefitsLink is the national employee benefits Web site { at http://www.benefitslink.com/