Information For...

For you and your family
Individuals abroad and more
EINs and other information

Filing For Individuals

Information For...

For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Request for Taxpayer Identification Number (TIN) and Certification
Single and Joint Filers With No Dependents
Employee's Withholding Allowance Certificate

 

Request for Transcript of Tax Returns
Employer's Quarterly Federal Tax Return
Installment Agreement Request
Wage and Tax Statement

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

Revised VCP Forms - Model VCP Compliance Statement and Model VCP Schedules

On September 11, 2017, the IRS released new versions of Form 14568, Model VCP Compliance Statement, and Forms 14568-B through 14568-I, Model VCP Schedules.

Plan sponsors of tax favored retirement plans can use these forms to make an IRS Voluntary Correction Program (VCP) submission. The model schedules (Forms 14568- A to 14568-I) contain standardized methods to correct common errors that sponsors may discover in their plans and wish to resolve using VCP.

Generally, we revised the following forms to:

  • Make them easier to understand
  • Better work with the Rev. Proc. 2016-51 requirements effective as of January 1, 2017

Highlights of other changes to specific forms include:

Form Highlighted Changes
14568, Model VCP Compliance Statement
  • Updated Enforcement Section language
  • Made the form easier to understand
14568-A, Model VCP Compliance Statement - Schedule 1: Interim Nonamender Failures
  • No changes made. The August 2016 version is the still the current version of this form
14568-B, Model VCP Compliance Statement - Schedule 2: Other Nonamender Failures and Failure to Adopt a 403(b) Plan Timely
  • Removed unnecessary checkbox
  • Revised to be consistent with Rev. Proc. 2016-21 requirement that submitted corrective amendments must be signed and dated
  • Made the form easier to understand
14568-C, Model VCP Compliance Statement - Schedule 3: SEPs and SARSEPs
  • Made the form easier to understand
14568-D, Model VCP Compliance Statement - Schedule 4: SIMPLE IRAs
  • Made the form easier to understand
14568-E, Model VCP Compliance Statement - Schedule 5: Plan Loan Failures (Qualified Plans and 403(b) Plans)
  • Fixed Typos
  • Made the form easier to understand
14568-F, Model VCP Compliance Statement - Schedule 6 Employer Eligibility Failure (401 (k) and 403(b) Plans only)
  • Made the form easier to understand
14568-G, Model VCP Compliance Statement - Schedule 7: Failure to Distribute Elective Deferrals in Excess of the 402(g) Limit
  • Made the form easier to understand
14568-H, Model VCP Compliance Statement - Schedule 8: Failure to Pay Required Minimum Distributions Timely
  • Removed confusing language regarding eligibility for reduced fee
  • Made the form easier to understand
14568-I, Model VCP Compliance Statement-Schedule 9: Limited Safe Harbor Correction by Plan Amendment
  • Made the form easier to understand