Get Form 8950

Filling out Form 8950, the application for the Voluntary Correction Program, online can streamline your submission process. This guide provides clear, step-by-step instructions to help you easily complete the form and ensure that your application is both accurate and complete.

Follow the steps to fill out Form 8950 effectively.

1. Click 'Get Form' button to access the form and open it in your preferred online editor.
2. Complete Section 1 by providing the name, address, and employer identification number (EIN) of the plan sponsor. Ensure all fields are filled correctly, as this information is critical for identification.
3. In Section 2, designate a person to contact for additional information if necessary. Include their name, address, and telephone number. If a Power of Attorney is attached, check the appropriate box.
4. Proceed to Section 3 and indicate the type of VCP submission by checking the appropriate option, such as regular, anonymous, or group submission.
5. Fill out Section 4 by entering specific details regarding the plan, including the plan name, number, dollar value of assets, plan year-end month, and number of participants.
6. In Section 5, specify the type of plan by entering the corresponding number from the provided list. Only one plan type should be chosen.
7. Answer Yes or No questions in Sections 6 to 12 regarding qualification failures and corrections. Attach additional explanations if required.
8. Review the completed checklist to ensure all requirements are met, including forms and attachments. Verify that pertinent information is included.
9. Finalize your form by signing and dating it. Confirm that the application is signed by an authorized employee or the plan's owner.
10. Once completed, save your changes, and choose to download, print, or share the form as needed. Make sure to retain a copy for your records.

Start filling out your Form 8950 online today to ensure a smooth submission process.