IRS audit focus has recently been on processes and procedures that retain the plan’s tax-advantaged status. Where IRS can get comfortable with the plan’s internal controls, the scope of its examination will likely be reduced. This session will cover the kind of controls the IRS is expecting to find. At the end of this session, attendees will have a sense of the expected controls over: • Maintenance of the plan document • Recognition and performance of appropriate compliance tests • Compliance with other legal requirements, such as notices, avoidance of non-exempt transactions, reporting responsibilities, etc.
Dual MBA Taxation & Finance,
Vice President & Regional Compliance Practice Leader,