Jump to content

correction of EIN on 5500s


thepensionmaven

Recommended Posts

The one and only time I had this happen we filed a form under the correct EIN.  When we got the letter about the form being late.... We showed them we filed an exactly identical 5500 timely except for the EIN.  We explained why the new EIN was correct.  

We never heard back from the IRS.  That was early last fall.  

I can't cite anything to say that is the right method.  It is simply what we did.  

Link to comment
Share on other sites

Not sure there is a stated procedure, but I'm sure you've already considered amending the return to show the correct EIN (which certainly would be one way to go). 

When a 5500 is not filed for a plan, the IRS is usually pretty good about sending a letter asking why a return wasn't filed.  If the IRS cross references EINs when they make such a determination, one could expect them to believe a filing wasn't made, prompting them to send such a letter.  The letter would allow you to explain what happened and, upon providing them a return with the correct EIN, should end the issue without any consequences.  Perhaps someone who is familiar with which variables the IRS uses to isolate non-filers can comment.  Regardless, it wouldn't surprise me that most people in your position may choose to not take any action since even if IRS correspondence should arrive, it would appear to be a simple fix without further repercussions.  

   

 

 

 

Link to comment
Share on other sites

  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...