Table of Contents

• Highlights of This Issue
  • INCOME TAX
    • Announcement 2013-4
    • Announcement 2013-8
  • EMPLOYEE PLANS
    • Rev. Proc. 2013-12
  • ADMINISTRATIVE
    • Announcement 2013-9
• Preface
  • The IRS Mission
  • Introduction
• Part III. Administrative, Procedural, and Miscellaneous
  • Rev. Proc. 2013-12
    • PART I. INTRODUCTION TO EMPLOYEE PLANS COMPLIANCE RESOLUTION SYSTEM
    • SECTION 1. PURPOSE AND OVERVIEW
      • .01 Purpose
      • .02 General principles underlying EPCRS
      • .03 Overview
    • SECTION 2. EFFECT OF THIS REVENUE PROCEDURE ON PROGRAMS
      • .01 Effect on programs
      • .02 Modifications to VCP submission procedures
      • .03 Modifications relating to 403(b) Plans
      • .04 Description of other modifications
      • .05 Future enhancements
    • PART II. PROGRAM EFFECT AND ELIGIBILITY
    • SECTION 3. EFFECT OF EPCRS; RELIANCE
      • .01 Effect of EPCRS on retirement plans
      • .02 Compliance statement
      • .03 Excise and other taxes
      • .04 Reliance
    • SECTION 4. PROGRAM ELIGIBILITY
      • .01 EPCRS Programs
      • .02 Effect of examination
      • .03 Favorable Letter requirement
      • .04 Established practices and procedures
      • .05 Correction by plan amendment
      • .06 Availability of correction for Employer Eligibility Failure
      • .07 Availability of correction for a terminated plan
      • .08 Availability of correction for an Orphan Plan
      • .09 Availability of correction for § 457 plans
      • .10 Submission for a determination letter
      • .11 Egregious failures
      • .12 Diversion or misuse of plan assets
      • .13 Abusive tax avoidance transactions
    • PART III. DEFINITIONS, CORRECTION PRINCIPLES, AND RULES OF GENERAL APPLICABILITY
    • SECTION 5. DEFINITIONS
      • .01 Definitions for Qualified Plans
      • .02 Definitions for 403(b) Plans
      • .03 Definitions for Orphan Plans
      • .04 Earnings
      • .05 IRA
      • .06 References to Rev. Proc. 2007-44
      • .07 SEP
      • .08 SIMPLE IRA Plan
      • .09 Under Examination
    • SECTION 6. CORRECTION PRINCIPLES AND RULES OF GENERAL APPLICABILITY
      • .01 Correction principles; rules of general applicability
      • .02 Correction principles
      • .03 Correction of an Employer Eligibility Failure
      • .04 Correction of a failure to obtain spousal consent
      • .05 Submission of a determination letter application
      • .06 Special rules relating to Excess Amounts
      • .07 Rules relating to reporting plan loan failures
      • .08 Correction under statute or regulations
      • .09 Matters subject to excise or other taxes
      • .10 Correction for 403(b) Plans
      • .11 Correction for SEPs and SIMPLE IRA Plans
      • .12 Confidentiality and disclosure
      • .13 No effect on other law
    • PART IV. SELF-CORRECTION (SCP)
    • SECTION 7. IN GENERAL
    • SECTION 8. SELF-CORRECTION OF INSIGNIFICANT OPERATIONAL FAILURES
      • .01 Requirements
      • .02 Factors
      • .03 Multiple failures
      • .04 Examples
    • SECTION 9. SELF-CORRECTION OF SIGNIFICANT OPERATIONAL FAILURES
      • .01 Requirements
      • .02 Correction period
      • .03 Correction by plan amendment
      • .04 Substantial completion of correction
      • .05 Examples
    • PART V. VOLUNTARY CORRECTION PROGRAM WITH SERVICE APPROVAL (VCP)
    • SECTION 10. VCP PROCEDURES
      • .01 VCP requirements
      • .02 Identification of failures
      • .03 Effect of VCP submission on examination
      • .04 No concurrent examination activity
      • .05 Determination letter application for plan amendments related to a VCP submission
      • .06 Determination letter applications not related to a VCP submission
      • .07 Processing of submission
      • .08 Compliance statement
      • .09 Effect of compliance statement on examination
      • .10 Special rules relating to Anonymous Submissions
      • .11 Special rules relating to Group Submissions
      • .12 Multiemployer and multiple employer plans
    • SECTION 11. SUBMISSION PROCEDURES FOR VCP
      • .01 General rules
      • .02 Use of Schedules
      • .03 Submission requirements
      • .04 Required documents
      • .05 Date fee due generally
      • .06 Additional fee due for SEPs, SIMPLE IRA Plans, and Group Submissions
      • .07 Power of attorney requirements
      • .08 Penalty of perjury statement
      • .09 Procedural Requirements Checklist
      • .10 Orphan Plan
      • .11 Acknowledgement letter
      • .12 VCP mailing addresses
      • .13 Maintenance of copies of submissions
      • .14 Assembling the submission
    • SECTION 12. VCP FEES
      • .01 VCP fees
      • .02 VCP fee for Qualified Plans and 403(b) Plans
      • .03 VCP fee for nonamender failures
      • .04 VCP fee for multiple failures
      • .05 VCP fee for Group Submission
      • .06 VCP fee for SEPs and SIMPLE IRA Plans
      • .07 VCP fee for egregious or intentional failures
      • .08 Establishing the number of plan participants
      • .09 Insufficient VCP fee
    • PART VI. CORRECTION ON AUDIT (AUDIT CAP)
    • SECTION 13. DESCRIPTION OF AUDIT CAP
      • .01 Audit CAP requirements
      • .02 Payment of sanction
      • .03 Additional requirements
      • .04 Failure to reach resolution
      • .05 Effect of closing agreement
      • .06 Other procedural rules
    • SECTION 14. AUDIT CAP SANCTION
      • .01 Determination of sanction
      • .02 Factors considered
      • .03 Transferred Assets
      • .04 Fee for nonamenders discovered during the determination letter application process not related to a VCP submission
    • PART VII. EFFECT ON OTHER DOCUMENTS; EFFECTIVE DATE; PAPERWORK REDUCTION ACT
    • SECTION 15. EFFECT ON OTHER DOCUMENTS
    • SECTION 16. EFFECTIVE DATE
    • SECTION 17. PAPERWORK REDUCTION ACT
    • DRAFTING INFORMATION
    • APPENDIX A: OPERATIONAL FAILURES AND CORRECTION METHODS
      • .01 General rule
      • .02 Failure to properly provide the minimum top-heavy benefit under § 416 to non-key employees
      • .03 Failure to satisfy the ADP test set forth in § 401(k)(3), the ACP test set forth in § 401(m)(2), or, for plan years beginning on or before December 31, 2001, the multiple use test of § 401(m)(9)
      • .04 Failure to distribute elective deferrals in excess of the § 402(g) limit (in contravention of § 401(a)(30))
      • .05 Exclusion of an eligible employee from all contributions or accruals under the plan for one or more plan years
      • .06 Failure to timely pay the minimum distribution required under § 401(a)(9)
      • .07 Failure to obtain participant or spousal consent for a distribution subject to the participant and spousal consent rules under §§ 401(a)(11), 411(a)(11), and 417
      • .08 Failure to satisfy the § 415 limits in a defined contribution plan
      • .09 Orphan Plans; orphan contracts and other assets
    • APPENDIX B: CORRECTION METHODS AND EXAMPLES; EARNINGS ADJUSTMENT METHODS AND EXAMPLES
    • SECTION 1. PURPOSE, ASSUMPTIONS FOR EXAMPLES AND SECTION REFERENCES
      • .01 Purpose
      • .02 Assumptions for Examples
      • .03 Designated Roth contributions
      • .04 Section references
    • SECTION 2. CORRECTION METHODS AND EXAMPLES
      • .01 ADP/ACP Failures
      • .02 Exclusion of Otherwise Eligible Employees
      • .03 Vesting Failures
      • .04 § 415 Failures
      • .05 Correction of Other Overpayment Failures
      • .06 Section 401(a)(17) Failures
      • .07 Correction by Amendment
    • SECTION 3. EARNINGS ADJUSTMENT METHODS AND EXAMPLES
      • .01 Earnings Adjustment Methods
      • .02 Examples
    • APPENDIX C: MODEL VCP SUBMISSION DOCUMENTS INSTRUCTIONS
    • PART I-MODEL VCP SUBMISSION COMPLIANCE STATEMENT
    • PART II-APPENDIX C SCHEDULES
      • Schedule 1 - Interim and Certain Discretionary Nonamender Failures
      • Schedule 2 – Nonamender Failures (other than those to which Schedule 1 applies)
      • Schedule 3 - SEPs and SARSEPs
      • Schedule 4 - SIMPLE IRAs
      • Schedule 5 - Plan Loan Failures (Qualified Plans and 403(b) Plans)
      • Schedule 6 - Employer Eligibility Failure (§ 401(k) and 403(b) Plans only)
      • Schedule 7 - Failure to Distribute Elective Deferrals in Excess of the § 402(g) limit
      • Schedule 8 - Failure to Pay Required Minimum Distribution Timely under § 401(a)(9)
      • Schedule 9 - Correction by Plan Amendment (in accordance with Appendix B)
    • APPENDIX D: ACKNOWLEDGEMENT LETTER
• Part IV. Items of General Interest
  • Announcement 2013-4
    • AGENCY:
    • ACTION:
    • SUMMARY:
    • DATES:
    • FOR FURTHER INFORMATION CONTACT:
    • SUPPLEMENTARY INFORMATION:
      • Background
      • Need for Correction
    • Correction of Publication
      • PART 1—INCOME TAXES
      • § 1.168(i)-0 Table of contents for the general asset account rules.
      • § 1.168(i)-1 General asset accounts.
      • § 1.168(i)-1 General asset accounts.
  • Announcement 2013-8
    • Background
      • Efforts to develop e-signature standards
    • Request for recommendations
    • How to submit recommendations
  • Announcement 2013-9
    • • Effect on Other Documents
• Definition of Terms and Abbreviations
  • Definition of Terms
  • Abbreviations
• Numerical Finding List
  • Numerical Finding List
• Effect of Current Actions on Previously Published Items
  • Finding List of Current Actions on Previously Published Items
• How to get the Internal Revenue Bulletin
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