IRS Cuts User Fee for Applying for Determination Letter on Plan Termination

By John Iekel • March 15, 2018 • 0 Comments
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.