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The IRS Giveth and the IRS Taketh Away…

  • Writer: Boutwell Fay
    Boutwell Fay
  • Jul 16, 2021
  • 1 min read

Updated: Sep 18, 2023

The IRS just announced significant improvements (with one important exception) to its popular EPCRS Program, generally effective as of July 16, 2021. (See: Revenue Procedure 2021-30 (PDF)) and we are excited to announce a webinar covering these changes on August 10th at 10am PT. This webinar will fill up quickly so don’t wait – you can register by clicking HERE. 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).


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