Instructions for Form 5307 - Introductory Material
What's New for Defined Contribution Plans
Requirements for Switching to 6-Year Remedial Amendment Cycle.
All applications must be accompanied by new Form 8905, Certification of Intent To Adopt a Pre-approved Plan, if an
employer intends to switch from
the 5-year remedial amendment cycle to the 6-year remedial amendment cycle by meeting one of the eligibility requirements
for the 6-year remedial
amendment cycle. For more information, see Rev. Proc. 2007-44, which is on page 54 of Internal Revenue Bulletin 2007-28 at
Disclosure Request by Taxpayer
A taxpayer can authorize the IRS to disclose and discuss the taxpayer's return and/or return information with any person(s)
the taxpayer designates
in a written request. Use Form 2848, Power of Attorney and Declaration of Representative, if the representative is qualified
to sign, or Form 8821,
Tax Information Authorization, for this purpose. See Pub. 947, Practice Before the IRS and Power of Attorney, for more information.
Form 5307 is open to public inspection if there are more than 25 plan participants. The total number of participants must
be shown on line 4e. See
the instructions for line 4e for a definition of participant.