File without SB

[SSRRS]

What are the ramifications, if efiled without the SB and then amend a couple of days later to include the SB? Thank you!

[Nate S]

Without the SB you run the risk of having the filing disallowed and incurring late filing penalties.  Once amended to include, you're all set!

[SSRRS]

Thanks so much Nate. If on the first filing (without the SB), on the 5500-SF, the form SB was not checked off as being required, in the interim, until the filing is amended to include the sb,  would that help?

[thepensionmaven]

We had this happen, file an anended to include SB, no problem yet.  I think once you file completely, you're OK.

[SSRRS]

4 hours ago, thepensionmaven said:

We had this happen, file an anended to include SB, no problem yet.  I think once you file completely, you're OK.

Thank you so much, the pension maven!

[Draper55]

An incomplete return can be considered not filed...I would check amended and file also...if you met the deadline clearly no problem...

[SSRRS]

On 2/23/2023 at 7:00 AM, thepensionmaven said:

We had this happen, file an anended to include SB, no problem yet.  I think once you file completely, you're OK.

Thabk you again.. Is there a time frame to file an amended return that includes the SB, to avoid the IRS sending the client a letter, re the missing SB. Meaning, does the IRS not send a letter before 15 days or so, or is there no way to know this and just amend asap  and hope that it was amended prior to it being picked up? Thank you.

[Nate S]

ASAP.  The EBSA manually reviews all filings with attachments for confidential information within a few days of the filing.

[SSRRS]

Thanks Nate!