Law stated as of 11 Feb 2021 • USA (National/Federal)
These Standard Clauses provide resolutions that members of a parent-subsidiary controlled group of corporations could have used to elect a different remedial amendment cycle for submitting determination letter applications to the Internal Revenue Service (IRS) for the retirement plans maintained by the members of the controlled group prior to the elimination of the five-year remedial amendment cycle by the IRS. These Standard Clauses include integrated notes with important explanations and drafting tips.