AICPA writes Treasury, IRS about scriveners' errors in employee Benefit Plans.

• Position: Tax info

In a letter to the Treasury Department and the Internal Revenue Service recently, the AICPA responded to an issue affecting many employee benefit plans. Plan documents frequently contain unintentional scriveners' errors that affect the operation and administration of qualified plans. The Institute believes IRS enforcement efforts are best served by increasing agent awareness of scriveners' errors and providing agents with appropriate methods to address these errors effectively and consistently.

Having initially submitted comments on scriveners' errors in 2004, the AICPA reiterated its position that these errors should be self-correctable under the Employee Plans...