post half

post half

The IRS announced on June 1, 2020 that all retirement plans need to be amended by July 31,2022. In order to make sure that everyone gets done in a timely manner, we will begin the amendments this year. You can read about this mandatory update in the IRS notice.
https://www.irs.gov/pub/irs-drop/a-20-07.pdf 

If you wish to update your plan this year the cost will be $900. We will charge you $450 now and $450 next year. If you wish to take advantage of this payment plan, please CLICK HERE and sign the form. To take advantage of this payment plan, this form needs to be signed by October 15, 2021.

Forms signed after October 15, 2021 will incur a cost of $1,200 to be paid in one lump sum. Failure to amend your plan to comply with the IRS announcement, will result in having to pay fines and penalties. Plans that don’t pay the fines and/or penalties will lose their tax qualified
status, and the money in the plan would become taxable.

$450.00
pdiamin