justanotheradmin Posted August 9, 2016 Posted August 9, 2016 Has anyone else had this problem this year? We sent a batch of Form 5558 to the IRS - timely, properly addressed, via certified mail. The IRS signed, and opened the envelope. They then resealed the envelope, and included a letter stating that the extensions weren't properly addressed and that they were being returned. I can't find any error. The other batches we sent have not been returned. I'm hoping they were processed just fine. As with other occasional issues, we've documented everything and have a letter drafted to resubmit the extensions, as well as one to use when the IRS says the 5500s are filed late. But it is just a pain. In case this was part of some larger widespread issue this year I wanted to check. I'm a stranger on the internet. Nothing I write is tax or legal advice. I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?
My 2 cents Posted August 9, 2016 Posted August 9, 2016 Has anyone else had this problem this year? We sent a batch of Form 5558 to the IRS - timely, properly addressed, via certified mail. The IRS signed, and opened the envelope. They then resealed the envelope, and included a letter stating that the extensions weren't properly addressed and that they were being returned. I can't find any error. The other batches we sent have not been returned. I'm hoping they were processed just fine. As with other occasional issues, we've documented everything and have a letter drafted to resubmit the extensions, as well as one to use when the IRS says the 5500s are filed late. But it is just a pain. In case this was part of some larger widespread issue this year I wanted to check. Sounds like it's time to contact someone in a responsible position at the IRS (i.e., not the sort of person who reseals a filing and just sends it back!), without waiting for something adverse to be issued. You have the certified mail receipt - include a copy and say that it proves that the filings were sent to the right place and received on a timely basis, and you want the IRS to acknowledge that to be true, in writing, so if you receive any late filing letters, you will have a letter from the IRS to send back saying they were timely filed. Always check with your actuary first!
RatherBeGolfing Posted August 9, 2016 Posted August 9, 2016 I agree, try to get something in writing from the IRS to be pro-active, or at the very least get the issue on record with IRS. They can log it under your firm's EIN, this way they can reference it if an issue comes. We had this done last year when many 5558's of a batch weren't processed by IRS. Are you a member of ASPPA? If so, I would also check with Craig Hoffman to see if they have had reports of similar issues. J
justanotheradmin Posted August 9, 2016 Author Posted August 9, 2016 Thanks My 2 Cents and RatherBeGolfing. I agree its better to try to address now. We are working on contacting the IRS and seeing if we can get something proactively. I am an ASPPA member, so I will pass along to Craig what happened. I'm thinking it was just a fluke, but its hard to tell, especially with the IRS. I'm a stranger on the internet. Nothing I write is tax or legal advice. I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?
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