The AICPA said it has sent a letter to the Internal Revenue Service urging its agents to be aware of "scriveners' errors," or unintentional mistakes, in the drafting of employee benefit plans.

"As qualified plan regulations become increasingly complex, the potential increases for retaining unintended language and omitting the required information in qualified plans," wrote Jeffrey Hoops, chair of the AICPA's Tax Executive Committee.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access