tax-rates-menu-l5Tax RatesTax NewsTax Videos
tax rates
Tax Rates Home PageIRS Tax FormsTax Articles
 
 
 
 
 
 

Home > Tax News > July 2010

Go to Tax Rates Home Page

TAX NEWS - 2010

IRS Tax: IRS 401(k) compliance check questionnaires

The IRS recently sent 1,200 employers detailed questionnaires on their 401(k) plans. Information gathered from the questionnaires will be used to determine:

(1) potential compliance issues,
(2) any plan operational issues, and (3) additional education and outreach guidance that may be helpful for the IRS to make available to plan sponsors to improve compliance.

The questionnaires contain approximately 70 questions, which must be answered carefully and accurately online. If the answers to the questions raise compliance concerns or if a taxpayer simply fails to respond, a plan audit could result.
tax rates

© 2009-2010 TaxRates.cc  2009 - 2010 Tax Rate Guide and Tax Help Website

Disclaimer  |  Site Map  | Contact  |  Privacy Policy