Employee Plan Procedures Released

WASHINGTON - The Internal Revenue Service today released a Revenue Procedure implementing a previously announced extension of certain employee plan adoption and submission deadlines.

Announcement 94-136 extended the deadlines for requesting determination letters for employee retirement plans that are timely amended to comply with the Tax Reform Act of 1986. It also extended the deadline for adopting certain preapproved plans that comply with TRA '86.

The Revenue Procedure announced today provides a new extension for adopting retroactive plan amendments to comply with the qualification requirements of the Omnibus Budget Reconciliation Act of 1993.

Revenue Procedure 95-12 will appear in Internal Revenue Bulletin 1995-3, dated Jan. 17, 1995.

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