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Click ‘Get Form’ to open it in the editor.
Begin by filling out Section 1, which requires the name and address of the plan sponsor. Ensure you provide accurate details including the employer identification number (EIN).
In Section 2, designate a contact person for further inquiries. If applicable, check the box for Power of Attorney and skip this section.
Proceed to Section 3 to select the type of VCP submission. Choose from options like regular, anonymous, or group submissions.
Complete Sections 4 through 12 by providing specific information about the plan, including its name, number of participants, and any qualification failures being addressed.
Finally, review all entries for accuracy before signing and dating the application at the end of the form.
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A Current Update of EPCRS Through Rev. Proc. 2021-30, 49
by KJ Kennedy 2021 Form 8950 is the Application for Voluntary Correction Program. (VCP) Submission Under the Employee Plans Compliance Reso- lution System, and Form 8951 is theRead more
About Form 8950, Application for Voluntary Correction
File this form as part of a VCP submission in order to request written approval from the IRS for correction of a qualified plan, 403(b) plan, SEP, SARSEP orRead more
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