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What does VCP stand for?

VCP stands for Voluntary Correction Program (IRS)

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government

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We have 130 other meanings of VCP in our Acronym Attic

Samples in periodicals archive:

Recognizing that disqualification destroys the ability of a plan to provide retirement benefits, the IRS has established an Employee Plans Compliance Resolution System, which has three methods to address errors in your plan: * Audit Closing Agreement Program (Audit CAP) * Self-Correction Program (SCP) * Voluntary Correction Program (VCP) Correcting Under Audit CAP Under Audit CAP, the IRS will re-qualify your plan if you: * Fix the problems the IRS has discovered.
Issues to be discussed include: -- Latest trends in financial education -- Potential health care liability -- Trends in executive compensation -- Using Internal Revenue Service (IRS) and Department of Labor (DOL) voluntary correction programs -- Keeping plans in compliance with IRS and DOL requirements To schedule an interview with Martha Priddy Patterson, please contact Dan Mucisko, KPMG, at 201-505-3539 or Billee Howard, Shandwick, at 212-591-9823.