Rev. Proc. 2021-30 Updates EPCRS and Expands Guidance on Recouping Overpayments | Practical Law
The Internal Revenue Service (IRS) issued Revenue Procedure 2021-30 (Rev. Proc. 2021-30), which updates the Employee Plans Compliance Resolution System (EPCRS) by expanding the guidance on recouping overpayments, providing additional time to correct significant failures under the Self-Correction Program (SCP), and replacing anonymous submissions under the Voluntary Correction Program (VCP) with anonymous pre-VCP submission conferences.