The IRS on March 14 announced that it is retroactively cutting the user fee involved in using Form 5310, Application for Determination for Terminating a Plan. It made the announcement in Revenue Procedure (Rev. Proc.) 2018-19.
Rev. Proc. 2018-19 modifies Rev. Proc. 2018-4. Specifically, Rev. Proc. 2018-19 changes one user fee set forth in Appendix A of Rev. Proc. 2018-4, Schedule of User Fees, regarding applications on Form 5310, Application for Determination for Terminating Plan. It cuts the user fee from $3,000 to $2,300, effective Jan. 2, 2018.
Not only does Rev. Proc. 2018-19 make the user fee reduction retroactive, it also says that applicants who paid the $3,000 user fee listed in Rev. Proc. 2018-4 will receive a refund of $700.
Rev. Proc. 2018-19 modifies Rev. Proc. 2018-4. Specifically, Rev. Proc. 2018-19 changes one user fee set forth in Appendix A of Rev. Proc. 2018-4, Schedule of User Fees, regarding applications on Form 5310, Application for Determination for Terminating Plan. It cuts the user fee from $3,000 to $2,300, effective Jan. 2, 2018.
Not only does Rev. Proc. 2018-19 make the user fee reduction retroactive, it also says that applicants who paid the $3,000 user fee listed in Rev. Proc. 2018-4 will receive a refund of $700.
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