Legislative Proposal to Expand SCP

ERIC, along with other organizations, sent a letter to Senators Orrin Hatch and Ron Wyden with a proposal to restructure Internal Revenue Service (IRS) operations. The proposal would direct the IRS to expand the self-correction program (SCP) within the IRS’s Employee Plan Compliance Resolution System (EPCRS), to enable businesses with retirement plans to more easily correct common mistakes.

Click here to read the letter.

Click here to review the proposal.