Presented by Stephen Forbes, J.D., LL.M (Taxation)
After years of pleading for the option to self-correct participant loan failures, the IRS finally revised its plan correction procedure (EPCRS) to permit self-correction of some of the more common loan failures. These new correction options should save an employer considerable time and money. However, with the addition of improved correction options, the IRS likely will expect better compliance. Therefore, it is incumbent on practitioners to have a working knowledge of the new loan correction procedures. In this webcast, we will use practical examples to demonstrate how you can correct the various loan failures under the new procedure. We also will explain correction alternatives if a plan does not qualify for self-correction. Come join us for this webcast where we will discuss this important plan correction topic.