late filer

[gregburst]

Plan year end was 12/31/15. 5500 has not yet been filed. What is the best way to proceed at this point? Electronically file the return and wait to be contacted/fined? Or use the delinquent filer program? No 5558 was filed, so $25 per day penalty is already in the $3000 range.

[ETA Consulting LLC]

Isn't the $25 per day limited to $750 or some drastically lower amount?

I admit that I often find myself re-verifying (my new word ) the amounts, but I certain the maximum fine under the delinquent filer problem is relatively low. Plus, you get to combine many years under a single (maximum fee).

Good Luck!

[Bird]

Use DFVC and be done; why wait to be contacted?

[401king]

https://www.askebsa.dol.gov/dfvcepay/calculator