New IRS Fees for Private Letter Rulings, Plan Terminations, EPCRS -VCP submissions

New Fees

Internal Revenue Service ("IRS") issued Revenue Procedure 2019-1, Revenue Procedure 2019-2, Revenue Procedure 2019-3, Revenue Procedure 2019-4, Revenue Procedure 2019-5 and Revenue Procedure 2019-7.

These Revenue Procedures became effective January 2, 2019, and update the annual Revenue Procedures, which set forth the procedures for Determination Letter requests and Private Letter Ruling requests.

• ·        User fee to submit a request for a Private Letter Ruling, under the jurisdiction of the Associate Chief Counsel, will be increased from $28,300 to $30,000,
• ·        Effective July 1, 2019, the user fee to submit an Application for Determination for a Terminating Plan (IRS Form 5310) will be increased from $2,300 to $3,000.
• ·        User fee to submit a request for a Private Letter Ruling, under the jurisdiction of the Employee Plans Office, remains at $10,000;
• ·        User fee to submit a request for a determination letter for an individually designed plan remains at $2,500;
• ·        User fee for regular submissions, under the Voluntary Correction Program ("VCP") under the Employee Plans Compliance Resolution System ("EPCRS"), remains the same ($1,500 for plans with assets of $500,000 or less.
If you need assistance with these procedures, please do not hesitate to contact our offices


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