Summary
Revenue Procedure 2026-34 replaces Rev. Proc. 2021-30 and restructures EPCRS for qualified, 403(b), SEP and SIMPLE IRA plans with immediate effect. Rev. Proc. 2026-33 creates an IRA Compliance Resolution System from 1 May 2027 for errors caused by service providers, and requests to waive the 60-day rollover deadline will move from private letter rulings to it during 2027-28.
What it means for you
NRIs with US IRAs or 401(k)s, and US subsidiaries of Indian groups that sponsor retirement plans, get a simpler route to fix plan and rollover mistakes without seeking an IRS ruling.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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