Employee Plans Compliance Unit (EPCU) - Overview of EPCU |
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What is the EPCU?
The Employee Plans Compliance Unit, or EPCU, focuses on compliance projects and performs data analysis. The EPCU was established to address pension compliance in a whole new way. Through the use of compliance contacts by correspondence, telephone and other media, the EPCU will focus on project activity where there are indications of potential non-compliance. The EPCU will address compliance issues on more plans with less staffing resources than by performing traditional field examinations. The EPCU has performed over 4,700 compliance checks, contacting nearly 4,200 taxpayers since the Unit was established in 2005.
Why is there EPCU?
The EPCU resolves issues without the necessity for a full scope examination of the books and records of the plan. This approach will not replace field audits. However, when simple verification or clarification of issues is needed, this can be accomplished with less burden to the taxpayer, saving time and money for both the taxpayer and the IRS by utilizing compliance contacts.
Who is the EPCU?
Along with senior employee plans revenue agents, the EPCU is also staffed with a computer research analyst, a tax analyst, and several tax compliance officers and tax examiners. The group has staff members throughout the country, with a significant presence in Ogden, Utah and Chicago, Illinois. This allows the EPCU to address compliance issues consistently and efficiently in the employee plans community nationwide.
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Page Last Reviewed or Updated: May 02, 2008