This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on November 1, 2019. As of today, no separate filing guidelines for the form are provided by the IRS.
Q: What is IRS Form 14568-A?
A: IRS Form 14568-A is a form used for VCP compliance.
Q: What is VCP compliance?
A: VCP compliance refers to the Voluntary Correction Program, which allows plan sponsors to correct retirement plan failures.
Q: What is Schedule 1 on IRS Form 14568-A?
A: Schedule 1 on IRS Form 14568-A is the section where you provide information on interim nonamender failures.
Q: What are interim nonamender failures?
A: Interim nonamender failures refer to failures to amend a plan by the applicable deadline.
Q: What information is required on Schedule 1 for interim nonamender failures?
A: Schedule 1 requires you to provide details about the failure and the steps taken to correct it.
Q: What is the purpose of the Model VCP Compliance Statement?
A: The Model VCP Compliance Statement helps you document your correction of retirement plan failures.
Q: Who should use IRS Form 14568-A?
A: IRS Form 14568-A should be used by plan sponsors who want to correct nonamender failures in their retirement plans.
Q: Is there a deadline for submitting IRS Form 14568-A?
A: There is no specific deadline for submitting IRS Form 14568-A, but it should be filed as soon as possible after the failure is corrected.
Form Details:
Download a fillable version of IRS Form 14568-A Schedule 1 through the link below or browse more documents in our library of IRS Forms.