This section of the Guide provides various links for plan sponsors to aid in determining if their plan is in compliance with the Internal Revenue Code (Code) and regulations. EP Examination Guidelines These guidelines provide guidance on specific technical topics of particular interest relating to qualified retirement plans. These guidelines are for reference and use by EP personnel. Internal Revenue Manual (IRM) 4.71.1 Overview of the EP examination program and issues guidelines and procedures for conducting a typical Form 5500, Annual Return/Report of Employee Benefit Plan, examination from start to finish. EP Abusive Tax Transactions The IRS is engaged in extensive efforts to curb abusive tax shelter schemes and transactions. A listing of those transactions which require disclosure and other resources has been provided. CC-2004-038 Notice 2004-038, issued by Chief Counsel, provides guidance to Chief Counsel attorneys challenging deductions claimed by corporate taxpayers under section 404(k) for redemptions of stock held by an employee stock ownership plan (ESOP). EP Compliance Trends & Tips Results and findings from past and current EP examinations that identify compliance risks and recurring plan issues. EP Compliance Resolution System (EPCRS) EPCRS is a comprehensive system of correction programs for sponsors of retirement plans that are intended to satisfy the requirements of sections 401(a), 403(a), 403(b), 408(k) or 408(p) of the Code, but which have not met these requirements for a period of time.