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Interest rate used by the department of labor Voluntary Fiduciary Correction Program Form: What You Should Know

Voluntary Fiduciary Correction Program Fact Sheet Applicants do not need to consult or negotiate with BSA to use the FCP. Fair Market Interest Rate Loans to Parties in Interest. Fact-finding exercise for FCP The Bureau's Fact-finding exercise for FCP allows you to learn about your options if there are inaccuracies in the information provided on your IRS Form 11425, IRS Form 11425-EZ, IRS Form 1149, or IRS Form 1099 or 1142. Your Form 11425, IRS Form 11425-EZ, or IRS Form 1149 or 1099 must be on file at the time of tax return filing and any errors will be corrected. This exercise is designed to help you determine if there are any significant issues with the information you provided on the Form 11425, IRS Form 11425-EZ, IRS Form 1149, or IRS Form 1099 or 1142 if: 1) you paid an interest rate other than the Federal Reserve Board's Minimum Laid-Off Interest Rate of 4% under IRC Section 6611 or IRC Section 6613 to the financial institution; or; 2) you did not receive an interest rate reduction. The Fact-finding exercise does not establish a recommendation for the application by the Bureau.

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