IRS Seeks Continued Authority to Collect Information on EPCRS Correction Program

Published in today’s Federal Register is an IRS request for continued authority to collect information with respect to its Employee Plans Compliance Resolution System (EPCRS), the program under which certain retirement plan operational or document compliance failures can be resolved. Agencies like the IRS are limited by the federal Paperwork Reduction Act as to the length of time they are allowed to contact employers or taxpayers to request information pertaining to a program, an administrative form, etc.

Such authority must generally be renewed every three years, and—while usually a formality—requests for continuing authority must be published in the Federal Register and the public must have an opportunity to comment. This IRS information collection authority request pertaining to the EPCRS program can be found here.