"We made changes to your...Form 5500"

[Bird]

Client got a CP 220 notice stating the IRS made changes to their return and owes $2200+.  Of course no changes are specified or the reason for the penalty.  (It reads like a scam.)  I saw an earlier thread on this and realize it's probably for a "late" filing...but this was a 2011 return, filed Oct 15, 2012.  We didn't handle the plan at the time, so don't have proof of filing the extension and doubt we can get it, but I think we can beat the rap; just looking for the fastest way to do so - does(n't) the statute of limitations cover this? 

(It's very hard not to begin any correspondence with "Are you f-ing kidding me?")

[RatherBeGolfing]

53 minutes ago, Bird said:

Client got a CP 220 notice stating the IRS made changes to their return and owes $2200+.  Of course no changes are specified or the reason for the penalty.  (It reads like a scam.)  I saw an earlier thread on this and realize it's probably for a "late" filing...but this was a 2011 return, filed Oct 15, 2012.  We didn't handle the plan at the time, so don't have proof of filing the extension and doubt we can get it, but I think we can beat the rap; just looking for the fastest way to do so - does(n't) the statute of limitations cover this? 

(It's very hard not to begin any correspondence with "Are you f-ing kidding me?")

Ive had this happen a few times.  Once the IRS, in its infinite wisdom, decided to change the EIN of the sponsor for no apparent reason.  Another time, they changed a plan number from 003 to 001 because they thought that it should be 001, even though plans 001 and 002 had been properly terminated 10+ years ago.  I think I had the late filing with a penalty once before as well, and was able to take care of it with a 2848 and a call to the IRS. 

Im sure you can get it taken care of, but it is aggravating, especially if you have to sit on hold for an hour to talk to someone and then go through the new IRS POA screening procedure where they basically ask you for your first born in order to talk to you 

[K2retire]

On 3/16/2018 at 2:44 PM, RatherBeGolfing said:

where they basically ask you for your first born in order to talk to you 

When he was a teenager, I would have paid them to take him! 

[BG5150]

28 minutes ago, K2retire said:

When he was a teenager, I would have paid them to take him! 

Your first born or Bird?  ;)

[K2retire]

first born