Federal Appendix C Part II, Schedule 1 Interim and Certain Discretionary Nonamender Failures
Extracted from PDF file 2019-federal-form-14568-a.pdf, last modified November 2019
Appendix C Part II, Schedule 1 Interim and Certain Discretionary Nonamender FailuresDepartment of the Treasury - Internal Revenue Service Form 14568-A (November 2019) Model VCP Compliance Statement - Schedule 1: Interim Nonamender Failures OMB Number 1545-1673 Include the plan name, Applicant’s EIN and plan number on each page of the compliance statement, including attachments Plan name EIN Plan number Instructions: 1. Schedule 1 can be used to report the correction of a failure to timely adopt interim amendments. A compliance statement issued for a Schedule 1 failure results in the corrective amendment being treated as if it had been timely adopted for purposes of determining the availability of the extended remedial amendment period. Thus, an Applicant may use Schedule 1 for the failure to adopt a required interim amendment ONLY if the corrective amendment was adopted before the expiration of the plan’s extended remedial amendment cycle (as determined under Rev. Proc. 2007-44 and after December 31, 2016, Rev. Proc. 2016-37) for that amendment. If the corrective amendment was adopted after the expiration of the remedial amendment cycle, then the plan sponsor can use Form 14568-B, Model VCP Compliance Statement Schedule 2: Other Nonamender Failures and Failure to Adopt a 403(b) Plan Timely. 2. All corrective amendments required by Sections II and IV must be properly identified. Submit separate signed and dated amendments. If the amendments are incorporated into a signed and dated restated document, the information in the VCP submission must specify the page and section of the document that contains the amendment. Section I - Identification of Failures 1. Were the amendments used to correct the failures under this Schedule 1 adopted before the expiration of the applicable extended remedial amendment cycle Yes No If “Yes,” proceed to line 2 of this Section I If “No,” STOP - do NOT use this Schedule 1 In cases where late interim amendments are corrected after the expiration of the plan’s extended remedial amendment cycle, use Form 14568-B, Model VCP Compliance Statement Schedule 2: Other Nonamender Failures and Failure to Adopt a 403(b) Plan Timely. 2. Were the amendments adopted to correct the failure to timely adopt interim amendments Yes No If “Yes,” proceed to line 3 of this Section I If “No,” STOP - do NOT use this Schedule 1 3. The Applicant has indicated that the plan sponsor did not timely adopt amendments for the following: (List each statutory, regulatory or other requirement for which the plan was not timely amended, and specify for each requirement the published cumulative list in which the requirement appears and the location of the corrective amendment in the documents included with the VCP submission (for example, by amendment number and paragraph number, or in the case of a restated plan, by page and section number). Do not use a general statement referring only to a cumulative list or statute. For instance, the following description would not be acceptable: “All interim amendments associated with the 20XX cumulative list [or the Pension Protection Act of 2006 (PPA)] were not timely adopted.”) (Attach additional pages as needed. Label the attachment “Form 14568-A, Section I line 3 Identification of Interim Nonamender Failures” and include the plan name, Applicant’s EIN and plan number on each page.) Catalog Number 66144N www.irs.gov For Paperwork Reduction Act information see the current EPCRS Revenue Procedure. Form 14568-A (Rev. 11-2019) Page 2 Plan name EIN Plan number Section II - Description of Proposed Method of Correction The plan sponsor has adopted amendments reflecting the items listed in Section I line 3 of this Schedule 1. These amendments are effective retroactive to the effective dates of the specific provisions contained in the amendments. The signed and dated amendments have been enclosed with this VCP submission. Section III - Change in Administrative Procedures The Applicant has taken (or will take) the following steps to ensure that the failures will not recur Section IV - Enclosures In addition to the applicable items listed on the Procedural Requirements Checklist for Form 8950, the plan sponsor encloses copies of the signed and dated amendments used to correct the failures identified in Section I line 3 of this Schedule 1 with this VCP submission. Catalog Number 66144N www.irs.gov Form 14568-A (Rev. 11-2019)
Form 14568-A (Rev. 11-2019)
More about the Federal Form 14568-A Other
We last updated the Appendix C Part II, Schedule 1 Interim and Certain Discretionary Nonamender Failures in February 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Federal Internal Revenue Service. You can print other Federal tax forms here.
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The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 14568-A from the Internal Revenue Service in February 2020.
Historical Past-Year Versions of Federal Form 14568-A
We have a total of five past-year versions of Form 14568-A in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Form 14568-A (Rev. 11-2019)
Form 14568-A (Rev. 8-2016)
Form 14568-A (Rev. 8-2016)
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