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IRS Updates Defined Benefit Plan Funding Method Change Procedures (Rev. Proc. 2017-56; Rev. Proc. 2017-57)

The IRS has updated its defined benefit plan procedures for changing funding methods, and for revoking an election related to interest rates. The revised procedures are effective January 1, 2018, but taxpayers may elect to apply them for earlier requests. Rev. Proc. 2000-40, 2000-2 CB 357, is modified and Rev. Proc. 2000-41, 2000-2 CB 371, […]

The post IRS Updates Defined Benefit Plan Funding Method Change Procedures (Rev. Proc. 2017-56; Rev. Proc. 2017-57) appeared first on Tax & Accounting Blog.

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