Correcting for a Missed Audit deadline

[Rob P]

We have a client with a large plan that needed to file their 5500 by 10/15. The audit wasn’t done so we advised the client to file anyway (in accordance with the DOL EFAST2 Q&A Q25). Currently the filing is listed as “Filing Error” with the DOL.

The audit is finally ready. Any suggests on the best way (cheapest?) to handle the new filing?

I’m assuming that the “correct” way is to simply amend the filing, attach the audit, and re-submit.

However, I’m thinking if we can simply submit under the DFVC, it may be the cheaper alternative.

Does anyone have any input on this? Can I even submit under DFVC if the client already submitted?

[austin3515]

"I’m assuming that the “correct” way is to simply amend the filing, attach the audit, and re-submit."

That's right

"Can I even submit under DFVC if the client already submitted?"

No, DFVC is for never-filed returns.

Not sure what would be cheaper than amending which is free. I don't think you'll see any penalties related to this - never heard of them being assessed in the past (well, maybe I recall one story of one time from somoene on these boards?). But I wouldn't worry too much especially considering your only late by a month.