Paying the DFVCP Fee - Electronically

[DPSRich]

I have to file a late 5500-SF 2021. Due 7/31/2022. I know that the form must be filed electronically with the DFVCP box "X".

 

How does the client remit the $750.00 penalty electronically?

 

Any help will be greatly appreciated.

 

Thanking everyone in advance

DPSRich

[Paul I]

After you file the 5500-SF, you have to go to the DOL site and to the DFVCP Penalty Calculator (Google will find it for you).  You will input information about the 5500s that were filed with the DFVCP box checked and the calculator will tell you how much you owe (which for 1 filing is the $750).  From that page, you can click to the payment box where you can enter payment information.  They take credit/debit cards and possibly electronic checks.  FYI, they don't care who pays as long as they get paid.

 

[DPSRich]

Thank you very much Paul.  Extremely helpful.

Have a good weekend.

Dpsrich