Employee plan determination letter applications | KPMG | US

Exemption from user fee, employee plan determination letter applications

Exemption from user fee

The IRS today released an advance version of Notice 2017-1 that provides information about eligibility for an exemption from the user fee requirement for employee plan determination letters filed on or after January 1, 2017.

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Notice 2017-1 [PDF 22 KB] describes when, in light of changes to the remedial amendment period as set forth in Rev. Proc. 2016-37, the IRS will treat an application for a determination letter as being filed within a qualifying open remedial amendment period (one of the requirements for the user fee exception). Today’s release states that the IRS will treat an application for a determination letter as being filed within a qualifying open remedial amendment period if the plan was first in existence no earlier than January 1 of the 10th calendar year in which the application is filed (the “10-year rule”).

 

Read more about Rev. Proc. 2016-37 in TaxNewsFlash-United States

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