Determination Letters: Form 5307 and Form 5316 Electronic Submission

 

On June 1, 2023, the IRS will begin accepting electronic submissions of Form 5307 and Form 5316 applications for determination letters at www.Pay.gov. The IRS will continue to accept paper applications through June 30, 2023. Beginning July 1, 2023, all Form 5307 and 5316 applications must be filed electronically on Pay.gov.

The IRS is currently revising Form 5307, Application for Determination for Adopters of Modified Nonstandardized Pre-Approved Plans, and Form 5316, Application for Group or Pooled Trust Ruling, and instructions, to be submitted electronically.

You'll receive a confirmation e-mail (acknowledgement) with your Tracking ID after you submit your Form 5307 or Form 5316 application through Pay.gov. The IRS does not mail a separate acknowledgement letter for Pay.gov submissions.

Pay.gov will accept a single PDF file (not exceeding 15MB) in addition to your Form 5307 or 5316. Fax documents in excess of the 15MB limit to 844-255-4818. Include a fax coversheet with the employer’s name, EIN, plan name and Pay.gov Tracking ID. Faxes that exceed 150MB cannot be delivered. Contact IRS Customer Accounts Services at 877-829-5500 for additional help.

If the plan does not qualify for the zero-dollar user fee in Notice 2017-1, you must pay user fees through Pay.gov using a bank account (ACH), or a credit or debit card.

See Revenue Procedure 2023-4, Part II for the latest procedures and Appendix A for the latest user fees for determination letter requests.

Small Business Week: Choosing a Retirement Plan

If you’re a small business owner, you may be so busy trying to grow your business that you haven’t thought about starting a retirement plan. Many states have passed legislation requiring small businesses to cover their employers in a retirement plan.

Saving for retirement is a lifelong venture. It’s never too late to start saving, but the earlier you start, the more you can take advantage of the magic of compounding interest (PDF). 

Check out Pub 3998, Choosing a Retirement Solution for Your Small Business (PDF)(also in Spanish (PDF)) for information about the types of retirement plans available, including an easy-to-follow plan comparison chart. The IRS also has a series of short videos to help small business owners pick the best plan for their situation:

What you Should Know About Retirement Plans - This video series discusses the different qualified retirement plans adopted by many small employers

• Profit-Sharing Plans  
• 401(k) Plans
• Defined Benefit Plans

What you Should Know About IRA-Based Plans - This video series discusses the different types of IRA-based plans adopted by many small employers.

• SEP IRA Plans
• SIMPLE IRA Plans
• SARSEP IRA Plans
• Payroll Deduction IRAs

We’re Hiring! IRS Announces Entry-Level Internal Revenue Agent Positions

Build a career with purpose. The IRS announced openings across the country for GS 5-12 Internal Revenue Agent positions for candidates with the required accounting education.

We offer competitive pay, generous health care and retirement plans, alternative work schedules, work/life balance and numerous other benefits. You can learn more about these positions and apply today at irs.usajobs.gov. Please share this message with others who may be interested in these positions.

IRS TE/GE is Hiring Tax Law Specialists

The IRS Tax Exempt & Government Entities Employee Plan division is looking for experienced pension plan practitioners to fill GS-987-13 Tax Law Specialist positions in locations throughout the country.

As a Tax Law Specialist in Employee Plans, you’ll work with retirement plan sponsors, CPAs, attorneys, and actuaries to discuss pension plan provisions, deficiencies, and applicable correction methods. You’ll also make determinations on plan qualification and examine plans of all sizes to ensure compliance with the Internal Revenue Code.

The IRS offers competitive pay and generous health care and retirement plans. You’ll find a wide variety of career paths, a dynamic work environment, and the ability to balance your work and life with our 40-hour work week, alternative work schedules, and paid vacation, sick and family leave.

To join our diverse workforce, apply online today at irs.usajobs.gov. Please share this message with others who may be interested in one of these positions.

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