Tax talk web cast covers benefits of updating retirement plans.
| Position | Tax info |
"Why Fix Mistakes in Retirement Plans Now Rather Than Later?" was the title of June's Tax Talk Today, an IRS co-sponsored monthly Web cast that addresses the most contemporary and complex tax issues. Programs are archived for one year and may be eligible for one CPE credit (www.TaxTalkToday.tv).
Experts from the Internal Revenue Service reviewed the basic reasons to fix mistakes in retirement plans now rather than later. They also recommended regular compliance reviews and provided detailed descriptions of the different levels of retirement plan correction programs currently in place.
According to the IRS, there generally are three common mistakes, or "qualification failures," in qualified retirement plans: plan document...
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