blue
Mar 22 2006, 05:44 PM
Expected changes to EPCRS Revenue Procedure 2003-44 included correcting the problem of excluding eligible employees from making deferrals. The expected change required a make up contribution of only 50% of the ADP for the employee’s category. Does anyone know if you can rely on the proposed change before it is finalized?
namealreadyinuse
Mar 22 2006, 06:13 PM
Yes, the IRS is processing applications under the new system. Remember that the match is still on 100% of the ADP though (kind of tricky).
blue
Mar 23 2006, 08:00 AM
Do you know when the changes will be finalized. Also, is there written guidance stating reliance on the proposed changes is okay.
namealreadyinuse
Mar 23 2006, 10:59 AM
No and probably not. The IRS is using the new procedures in procesing all applications, so call them if you want.
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