5500EZ late

[Guest harvisachar]

I had a company from 92 to 96 which had keogh plan for me (only employee). Company was dissolved in 96 or 97. I have never filed 5500EZ and off course had no idea it had to be filed. I was trying to consolidate my retirements accounts in SEP-IRA when fidelity inform me that I need to file all old 5500EZ.

I hear its a big penality for late filing.

total money in plan is about 180K.

I am really really looking for any professional who can help me to file these or figure out how to resolve it.

if you know of anyone who does this for living, please let me know.

thanks a million

harvi

[Guest Pensions in Paradise]

The correct procedure is to file the late 5500EZs and ask the IRS to waive any penalties. Others may make the argument that the statute of limitations has expired so you don't have to file. I don't agree because the statute only begins to run when you file the return.

If you decide to file, you can contact a local third-party administrator who should be able to assist you. They can be found in the yellow pages under Pension Plans, or Profit Sharing Plans, or Retirement Plans.