Changes coming to Form 5307, Application for Determination for Adopters of Modified Volume Submitter Plans and Instructions for Form 5307 -- 19-JAN-2017
The form and instructions will be revised to reflect clarifying changes to the pre-approved qualified plan program announced in Rev. Proc. 2016-37 and to reflect the changes that have been made to the determination letter (DL) program for individually designed plans. The revised form simplifies the information plan sponsors must provide and is expected to reduce the taxpayer burden in filling out the form.