Guidance Issued Regarding User Fee Exemption for Employee Plans Determination Letter Applications (Notice 2017-1)

The IRS has provided guidance on the circumstances under which the IRS will treat an application for a determination letter as being filed within a qualifying open remedial amendment period. The guidance reflects changes made to the determination letter program and remedial amendment period rules in Rev. Proc. 2016-37, I.R.B. 2016-29, 136. The IRS will treat an application for a determination letter as being filed within a qualifying open remedial amendment period if the plan was first in exi... read more...