t.haley Posted July 21, 2020 Share Posted July 21, 2020 Just discovered that client mailed their 5500s for 2018 instead of using EFAST. Does anyone know what happens to 5500s that get mailed? I assume they are treated as not having been filed and we need to do a delinquent filing and pay the penalty? Link to comment Share on other sites More sharing options...
Lou S. Posted July 21, 2020 Share Posted July 21, 2020 Delinquent filing with payment would be safest option and probably cheapest option. Link to comment Share on other sites More sharing options...
t.haley Posted July 21, 2020 Author Share Posted July 21, 2020 Thanks Lou. That is my thought as well. The client was trying to save some money and do the 5500s themselves and did not realize that mailing was no longer an option. Not a bad idea given that they were simple returns but they missed one important detail.....now they will pay more in penalties than what it would have cost for me to do it for them. Link to comment Share on other sites More sharing options...
Bill Presson Posted July 21, 2020 Share Posted July 21, 2020 Yep. Don't let them off easy. Charge what you would have charged. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070 Link to comment Share on other sites More sharing options...
imchipbrown Posted July 24, 2020 Share Posted July 24, 2020 You can check the filing status on the EFAST site. Maybe it was accepted? Stranger things have happened. Link to comment Share on other sites More sharing options...
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