The IRS has set up a new web page called the “EP Examination Process Guide” which provides links to a great deal of helpful information for practitioners and taxpayers who need to understand more about the Employee Plans examination process. Some highlights:
1. An EP examination flowchart.
2. EP Examination Guidelines providing “guidance on specific technical topics of particular interest relating to qualified retirement plans.”
3. Top Ten Issues identified during examinations of 401(k), 403(b), EPTA and multi-employer plans.
4. Compliance Monitoring Procedures which include examination tips, audit techniques, check-ups, publications and other guidance useful in determining if a plan is in compliance with the Internal Revenue Code and regulations.
(Source: Benefitslink.com)