David Olive Posted August 15, 2021 Share Posted August 15, 2021 A Plan failed to timely file Form 5500-SF for Plan Years 2018 and 2019 (12-31 Plan Year Ended) until July 2021. Upon filing the returns, the Plan Sponsor receives notice from the IRS of penalties for failing to file for those years. My question is related to relief from penalties under DOL. I know that the Plan is not yet disqualified from relief under DFVCP, however what if the delinquent returns have already been filed before applying for relief under DFVCP? Should amended returns be refiled showing the box labeled “DFVC program” located in Part I, Line D of the Form 5500-SF checked? Link to comment Share on other sites More sharing options...
thepensionmaven Posted August 24, 2021 Share Posted August 24, 2021 In this instance, without yet filing under DFVC, your client is likely to receive a love letter from IRS; possibly an invoice as well. I would be inclined to chalk up the $750 as and file as an "amended return" and check the box DFVC ASAP. Link to comment Share on other sites More sharing options...
BG5150 Posted August 24, 2021 Share Posted August 24, 2021 22 minutes ago, thepensionmaven said: I would be inclined to chalk up the $750 as and file as an "amended return" $1,500 for two or more plan years, no? Bill Presson 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left. Link to comment Share on other sites More sharing options...
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