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Applying for Waiver of Penalties/Interest for late-filed 5330s


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A plan had numerous prohibited transactions over a number of years, with very large excise taxes due. The PTs were only recently discovered. We are now filing 5330s. I believe there is reasonable cause and would like to request the IRS to waive interest and penalties on the late filing of 5330s. I am unsure how and when to request the waiver. Does anyone have experience with that? If so, please let me know.  Feel free to reply by private email: jkirtner@hershnerhunter.com. Thanks for any help.

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