Recent IRS Ethics Phone Forum

January 30, 2014 at 3:33 pm Leave a comment

The IRS recently held a phone forum regarding ethics for benefit professionals. The forum information is located on their website at http://www.irs.gov/pub/irs-tege/ethical_stds_phoneforum_presentation.pdf. The discussion included a brief reminder of the contents of circular 230, a discourse on due diligence, and comments on what is an unconscionable fee. Another interesting reminder that was part of the discussion but not the slides was a note of the importance of TPA’s, regardless of size, having an internal review setup to maintain ethical standards and accuracy.

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

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