Learn about the IRS' new IRA Compliance Resolution System (ICRS) and how Revenue Procedure 2026-33 changes the process for correcting IRA errors.
DESIGNED FOR
CPAs and accounting professionals in public practice and industry.
BENEFITS
Understand the IRS' new IRA Compliance Resolution System (ICRS), including key deadlines, eligibility requirements and practical strategies to help clients correct IRA errors and minimize tax consequences.
HIGHLIGHTS
- Overview of IRS Revenue Procedure 2026-33 and the new IRA Compliance Resolution System (ICRS), effective May 1, 2027.
- Correction procedures for missed required minimum distributions (RMDs), including potential excise tax relief.
- Changes to the 60-day rollover waiver process, including the transition from IRS letter rulings to the new voluntary correction program.
- Eligibility requirements, filing procedures, user fees and important deadlines for correcting IRA compliance failures.