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Home My WebLink AboutDocumentation_Pension General_Tab 13_11/03/2008Laur, Betty From: Forsythe, Jody -ent: Wednesday, August 06, 2008 4:14 PM o: 'Chiocca, Jerry (x1020)' - a: 'Bonni S. Jensen'; Laur, Betty; Couzzo, Michael; McWilliams, Lori; Rahim, Monica Subject: RE: Pension Plan -IRS Determination Letter Attachments: image001.gif Jerry, Thank you and Michael Futterman for the information and history behind the IRS request for cities to apply for a letter of determination related to current pension plans. As I mentioned, I understood that the pension attorney will be filling out this application, however, should that change t will let the trustees know that your firm is working with other attorney's that are currently completing these applications. Regards, Jody Jo.4v~,w 1=ors~ttie, C~tF Finance Director Village of Tequesta 561-575-6207, ext. 270 j forsythe@tequesta. org www.Tequesta.org ease note: Florida has a very broad public records law. Most written communications to or from state or local facials regarding state or local business are considered to be public records and will be made available to the public and the media upon request. Therefore, your e-mail message may be subject to public disclosure. From: Chiocca, Jerry (x1020) [mailto:Jchiocca@rachlin.wm] Seat: Wednesday, August 06, 2008 3:44 PM To: Chiocca, Jerry (x1020); Forsythe, Jody Subject: RE: Pension Plan -IRS Determination Letter Here it is G. Jerry Chiocca, CPA Partner Assurance Services Rachlin LLP One SE Third Avenue, Tenth Floor, Miami, Florida 33131 phone Dade: (305) 373-7939 x1020 / Broward: (954) 728-2500 x1020 faz Dade: (305) 377-8331 / Broward: (954) 525-2004 i chiocca(c~rachlin.com www.rachlin.com - www.rachlinfoundation ors ;ase see the bottom of this a-mail chain for Rachlin LLP Confidentiality Notice and Circular 230 Disclaimer. Rachlin a~~o~rr?,ariGS ~~~°is~r~ti "~ ,x;: t~:F§'Er r -.Yi ~a-~ritzti c>: stric~ ~.;:v :t r ~•~.r,.,* [>ra;:t From: Chiocca, Jerry (x1020) Sent: Tuesday, August 05, 2008 7:13 PM To: 'Forsythe, Jody' Cc: Chiocca, Jerry (x1020) Subject: FW: Pension Plan -IRS Determination Letter Jody I received an email saying that the below email did not get to mike, monica and betty can you make sure all of the respective parties get the message G. Jerry Chiocca, CPA Partner Assurance Services Rachlin LLP One SE Third Avenue, Tenth Floor, Miami, Florida 33131 phone Dade: (305) 373-7939 x1020 / Broward: (954) 728-2500 x1020 faz Dade: (305) 377-8331 / Broward: (954) 525-2004 j chiocca(a~rachlin.com ww.rachlin.com - www.rachlinfoundation.or~ Please see the bottom of this e-mail chain for Rachlin LLP Confidentiality Notice and Circular 230 Disclaimer. From: Chiocca, Jerry (x1020) Sent: Tuesday, August 05, 2008 5:39 PM To: 'Forsythe, Jody'; Appel, David 5. (x1031) Cc: Couao, Michael; McWilliams, Lori; Laur, Betty; Bonni S. Jensen; Rahim, Monica Subject: RE: Pension Plan -IRS Determination Letter Spoke to david appel our tax partner; he would like to speak to the pension attorney about this;although he does not feel it would be a problem, but he wants to ask him or her some questions; could you send him the phone number please; thanks G. Jerry Chiocca, CPA Partner Assurance Services Rachlin LLP One SE Third Avenue, Tenth Floor, Miami, Florida 33131 phone Dade: (305) 373-7939 x1020 / Broward: (954) 728-2500 x1020 faz Dade: (305) 377-8331 / Broward: (954) 525-2004 iiocca ,rachlin.com .. ~vw.rachlin.com - www.rachlinfoundation.ors Please see the bottom of this e-mail chain for Rachlin LLP Confidentiality Notice and Circular 230 Disclaimer. From: Forsythe, Jody [mailto:jforsythe@tequesta.org] ant: Tuesday, August 05, 2008 8:59 AM o: Chiocca, Jerry (x1020) Cc: Couao, Michael; McWilliams, Lori; Laur, Betty; Bonni S. Jensen; Rahim, Monica Subject: Pension Plan -IRS Determination Letter Jerry, The pension trust attorney brought tb the attention of the pension trustees at their quarterly meeting yesterday, the issue of the IRS asking all pension trusts to request a letter of determination on the current pension plans (they may also want to come into review documents for compliance purposes). According to Bonni Jensen, this is not mandatory, however, the IRS is strongly recommending that al) pension plans t~ reviewed by them during the next few months so that the IRS can help in any matters o#non-compliance. She also mentioned that the 1RS set a time frame of the next few months in which they would be willing to help plans get into compliance, however, once that time frame passed, the position of the IRS in such matters would change and they would be less willing to work with us on matters of non- compliance. The pension trustees have asked that I contact Rachlin for guidance in this matter. Regards, iody Jo.4ww EorslJ, the, C.~~t Finance Director illage of Tequesta 61-575-6207, ext. 270 j forsythe@tequesta. org www.Tequesta.org Please note: Florida has a very broad public records law. Most written communications to or from state or local of, j~icials regarding state or local business are considered to be public records and will be made available to the public and the media upon request. Therefore, your a-mail message may be subject to public disclosure. RACHLIN LLP CONFIDENTIALITY NOTICE AND CIRCULAR 230 DISCLAIIvIER CONFIDENTIALITY NOTICE: This electronic message was sent from Rachlin LLP and may contain confidential, proprietary or privileged information. If you believe that you are not the intended recipient, you are hereby advised that any disclosure, copying, distribution or use of this electronic message, or its contents or attachments, is prolu~bited. 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