The IRS has informally stated that it is intending to make some significant changes to the Determination Letter program, and is even considering eliminating the program for individually designed retirement plans (other than perhaps initial and final determination letters). The agency apparently is looking to streamline its operations and focus its resources on other areas. Guidance is expected later this summer, along with a request for comments.
Changes to the IRS Determination Letter Program
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.