This post takes a deeper dive into the expansion of the self-correction program under EPCRS by reproducing my article from this month’s Compensation Planning Journal.  The article discusses the increase in user fees under the Voluntary Correction Program which caused the industry to push back on the cost and request expanded self-correction to ease the cost of correction.  It also discusses issues with the concept of self-correction and some proposed resolutions.  I hope you enjoy it.

https://www.murphyaustin.com/images/pdfs/articles/Expanded_IRS_Self_Correction_Program_Helps_Avoid_Increased_User_Fees_by_Scott_Galbreath.pdf