K-t-F Posted January 12, 2022 Posted January 12, 2022 Back when there was an amnesty program for the Form 5500-EZ a bunch of single member plans came out of the woodwork asking me to prepare the paperwork to take advantage of the free compliance option. A simple process.. no big deal. Before X-mas a client who left me came back telling me the new TPA disappeared and did not file the 2019 or 2020 form 5500s. Simple question.... Paying the $1,500 fee ($750 for each year)... when you complete the online calculator, if you follow it all the way through it takes you to a payment option. Is that the best way to go? There is the option to mail in a check... not advisable? I've done the work and am ready for them to remit the fee. Just looking for opinions Its not easy being green
Bill Presson Posted January 12, 2022 Posted January 12, 2022 Definitely use pay.gov. Have the client pay you and get a 2848 and then pay the penalty on their behalf. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
BG5150 Posted January 12, 2022 Posted January 12, 2022 Do you need a 2848 to pay on behalf of someone? I don't think we ever got PoA. Luke Bailey 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Bill Presson Posted January 12, 2022 Posted January 12, 2022 10 minutes ago, BG5150 said: Do you need a 2848 to pay on behalf of someone? I don't think we ever got PoA. Probably not. Luke Bailey 1 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
K-t-F Posted January 12, 2022 Author Posted January 12, 2022 I completed the online fields, took screen shots and sent it to them. Spelled it out pretty good. I wanted them to see that I am not making anything other than my fee for services on this debacle they created. She will reach out to me if she has problems. Thanks Bill Presson 1 Its not easy being green
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