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 March 1, 2020. The document is a supplement to IRS Form 14568-F, Model Vcp Compliance Statement - Schedule 6 Employer Eligibility Failure (401(K) and 403(B) Plans Only). As of today, no separate filing guidelines for the form are provided by the IRS.
Q: What is IRS Form 14568-F Schedule 6?
A: IRS Form 14568-F Schedule 6 is a form used for the Voluntary Compliance Program (VCP) to correct eligibility failures in employer-sponsored 401(k) and 403(b) plans.
Q: What is the purpose of Model Vcp Compliance Statement - Employer Eligibility Failure?
A: The purpose of Model Vcp Compliance Statement - Employer Eligibility Failure is to provide a template for employers to disclose eligibility failures in their 401(k) and 403(b) plans as part of the VCP.
Q: What is VCP?
A: VCP stands for Voluntary Compliance Program, which is an IRS program that allows employers to correct errors and failures in their retirement plans.
Q: When should IRS Form 14568-F Schedule 6 be used?
A: IRS Form 14568-F Schedule 6 should be used when an employer needs to correct eligibility failures in their 401(k) and 403(b) plans.
Q: Can this form be used for other types of retirement plans?
A: No, IRS Form 14568-F Schedule 6 is specifically designed for employer-sponsored 401(k) and 403(b) plans only.
Form Details:
Download a fillable version of IRS Form 14568-F Schedule 6 through the link below or browse more documents in our library of IRS Forms.