Multi-Employer Extension Described by IRS

According to a posting on SunGard Relius' website, the IRS has a new procedure that allows multi-employer plans to "request a 5 or 10 year extension of the deadline for amortizing unfunded liabilities."

 

The article states that the IRS' procedure describes the information needed in the request for extension and how, to whom and the deadline by which it is to be turned in.

 

Please contact us with questions about administering multi-employer plans.