Internal Revenue Agent (Employee Plans Agent)

Job TitleThe following are the duties of this position at the full working level. If this vacancy includes more than one grade and you are selected at a lower grade level, you will have the opportunity to learn to perform these duties and receive training to help you grow in this position.Analyzes amendments to existing plans to determine if their qualification or exempt status is adversely affected. Reviews plan documents and/or adoption agreements to determine whether the plan document is a pre-approved plan with an IRS opinion letter and whether it has been timely adopted for the most recent law requirements. If not accurately updated for a law cycle, determination is made for the last set of laws that were timely updated and then pursues correction action in accordance with required statutory or regulatory provisions such as Employee Plans Compliance Resolution System (EPCRS) Procedures, to update the plan with a new plan document and/or adoption agreements and to retroactively qualify the plan.Reviews "Application for Determination Upon Termination", Form 5310 with supporting documentation, allowing for a determination that the plan satisfied all statutory and regulations on the termination date. Examines a plan's curtailment or termination to determine non-discrimination compliance and the existence of valid business reasons for termination existed for such action.Examines employer's tax return to substantiate that contributions to an employee's qualified plan or IRA based arrangement are within the IRC statutory limitations and are within the IRC required funding dates. Determines if the plan sponsor's behaviors resulted in the engagement of a fraudulent activity.