IRS Raises Fees for Enrolled Retirement Plan Agents

By:
Chris Gaetano
Published Date:
May 13, 2019
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The IRS has announced that the initial enrollment user fee for enrolled retirement plan agents will be removed, as it no longer offers such initial enrollment, and it will also be increasing fees for both enrolled retirement plan agents and enrolled agents in general. 

The final regulations increase the amount of the renewal user fee for enrolled retirement plan agents from $30 to $67, and increase the amount of both the enrollment and renewal user fee for enrolled agents from $30 to $67. 

The IRS increased the fees after taking into account the increase in labor, benefits and overhead costs incurred in connection with providing services to individuals who enroll or renew enrollment as enrolled agents and enrolled retirement plan agents since the user fee was last changed in 2011. It also determined that the costs associated with federal tax-compliance checks and suitability checks on enrolled individuals should be recovered as part of the user fee for administering the enrollment and renewal programs. In addition, the IRS looked at new costs associated with administering the program for enrolled agents and enrolled retirement plan agents, including the costs of operating a dedicated toll-free helpline for enrollment and renewal matters. 

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