Found in the IRS Suggestion Box

[WDIK]

Dear IRS,

Please consider the following suggestions:

1) Each IRS agent and/or processor should pass a competency test demonstrating that they understand when a 945 must be filed and when it is not required. This would not only save a significant amount of resources in paper, postage and IRS time, but would have medical benefits as well by reducing the heartburn, migraines and high blood pressure of pension practioners and their clients.

2) Each IRS notice of a proposed penalty for late filing of Form 5500-EZ should include a paragraph indicating that the IRS will pay the greater of $100 or 10% of the proposed penalty to the plan sponsor if the sponsor can show that the IRS itself confirmed receipt of both the extension and the form in a timely manner. While it may result in huge monetary losses, at least those who keep receiving such notices would feel like they have a sporting chance.

3) Implement a IRS psychic hotline so that small plan sponsors can call to determine if the plan's annual withholding liability will exceed the electronic deposit threshold.

4) Change your help line phone number to 1-IAM-AGR-AV8D