WEBINAR: New EPCRS Guidance: The IRS Giveth and the IRS Taketh Away…

The IRS just announced significant improvements (with one important exception) to its popular EPCRS Program, generally effective as of July 16, 2021. We are excited to announce a webinar covering these changes. Here is a quick summary of the changes:

  • expanded overpayment correction principles;

  • extended periods for self-correction;

  • broad expansion of the use of retroactive amendments to self-correct;

  • an increase in the de minimis “no correction needed” amount from $100 to $250; and

  • unfortunately, starting in 2022, John Doe submissions will no longer be allowed (but there is a new opportunity for a free pre-VCP John Doe conference).

For more information, please email attorneys@boutwellfay.com