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What is l7378?
The IRS Form 7378 is the Application for Voluntary Correction Program under the Employee Plans Compliance Resolution System (EPCRS).
Who is required to file l7378?
Plan sponsors or administrators who wish to correct errors in their retirement plans must file Form 7378.
How to fill out l7378?
Form 7378 should be completed following the instructions provided by the IRS. It typically requires information about the error, the correction method, and any additional required documents.
What is the purpose of l7378?
The purpose of Form 7378 is to request approval from the IRS to correct errors in retirement plans under the EPCRS.
What information must be reported on l7378?
Form 7378 requires information about the error, the plan affected, the proposed correction, and any other relevant details.
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