For those of you who would like to put in your two-cents-worth in the whole redesign process of the IRS Determination Letter program, it couldn’t be simpler. Go to this link here (via Benefitslink) and give the IRS your input on proposed changes by filling out and submitting a survey of questions posted at Benefitslink.com. The IRS wants your input and is asking that comments be submitted by August 2, 2004. Here’s a quote from the survey request posted at Benefitslink.com:
Representatives from the practitioner community have been working with the Director of Employee Plans Determinations Redesign (Paul Shultz), and other representatives of the office of Employee Plans to consider the redesign of the determination letter program. Two pieces of guidance have now been issued by the IRS. Announcement 2004-32 describes the structure of a staggered remedial amendment period and the leveling of determination requests each year for both individually designed and pre-approved plans. Announcement 2004-33 contains a draft Revenue Procedure that describes modifications to the M & P and volume submitter programs.The IRS has asked for comments to be submitted by August 2 on the draft Revenue Procedure, as well as any other aspect of the determination letter program.
The following survey is designed to provide practitioners who may not be submitting individual comments with an opportunity to share their thoughts on this new guidance and help shape the determination letter program at this early date.