[Recorded online and available for purchase.]
The IRS has released two new procedures to avoid paying IRS penalties for late 5500 filing. There are several pieces of good news in these programs: They are free (for now), they don’t depend on reasonable cause; and they also resolve penalties for late filing Form 8955-SSA. But there’s bad news too: There are new forms to complete and file, even for plans who thought they had resolved their late filing problems years ago.
Join us for a fast presentation to learn about these new procedures, what they require, and how they can help.
- Review of DOL Delinquent Filer Program (DFVC)
- 8955-SSA filing requirements
- Effect of extensions on late filing
- New IRS rules to correct late filing of Forms 5500 and 5500-SF
- New pilot program to correct late filing of Form 5500-EZ
- Deadlines to qualify for relief
Prerequisites: There are no prerequisites or other advanced preparation for this program.
Instructional Delivery Method
Group – Internet-Based
Speaker: S. Derrin Watson, J.D., APM
Recipient of ASPPA's 2006 Educator of the Year Award
Objectives: After viewing the presentation, an attendee should be able to:
- Take the actions needed to timely qualify a plan for 5500/5500-SF late filing relief
- Take the actions needed to timely qualify a plan for 5500-EZ late filing relief
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