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EP – Procedures for IRA – Based Plans (SEP, SIMPLE or SARSEP) Found to Be in…

Internal Revenue Manual Part 4. Examining Process · 2026-10-03 edition · updated 2026-10-04 · United States

  1. When you determine an IRA-based plan is non-compliant and the plan sponsor doesn’t agree to correct the issue through a closing agreement or through SCP, plan years in which the failure occurs are considered ineligible years for contributions to participants. This results in the following tax consequences:

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▸Contents — Internal Revenue Manual Part 4. Examining Process
Internal Revenue Manual Part 4. Examining Process

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