How do you handle delinquent returns?

[Guest death and taxes]

In the past, whenever we have received a notice from the IRS indicating that a 5500 was not filed, we simply filed the return and hoped that no penalties would be assessed. I have heard that this is the approach many of us have taken. Now that forms are filed with the DOL, I think we may not be so lucky in escaping penalties. How are you handling delinquent returns from 1999 and forward (we might as well plan to fail!)? Are most practitioners using the DFVC?

[Kristina]

You have until 7/1/2001 to file any pre-1999 delinquent forms with the IRS. After that, all delinquent or amended forms must be filed with the DOL.

I would refer you to the Delinquent Filer Program set up the DOL in 1995.