gregburst Posted February 18, 2011 Posted February 18, 2011 401k client is just now ready to file the 5500 for calendar 2009 (past due since 10/15/10). At this point, what is the recommended (official and unofficial) course of action?
K2retire Posted February 18, 2011 Posted February 18, 2011 Use the DVFC program. The cost is $750. The IRS late filing fees are substantially higher than $750 by the time you get to October 16, to say nothing of the DOL's fee which has the potential to exceed the DFVC fee on the first day the filing is late.
Kevin C Posted February 18, 2011 Posted February 18, 2011 Definitely use the DOL's DFVC Program. It's $750 for a small plan or $2,000 for a large plan.
Guest Sieve Posted February 18, 2011 Posted February 18, 2011 Assuming that you have not been informed of a delinquent 2009 Form 5500 by the DOL . . . (and assuming, also, that the plan has participants other than the 100% owner & spouse or other than partners & spouses--i.e., assuming the Plan is subject to ERISA).
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