Jon Switaj Posted February 24 Posted February 24 We have a number of clients in FL that were affected this past summer by the hurricanes. Following Hurricane Milton the IRS released a notice that extended prior relief to ALL of FL until May 1, 2025. Recently, we filed 2 of our plans using the information from the notices as a special extension. Both plans were penalized for late filing. Since we have more to file, I am curious if anyone else has experienced this and what you have done to avoid those erroneous penalties?
RatherBeGolfing Posted February 24 Posted February 24 Florida Practitioner here. Unfortunately, this is very common. IRS has told me informally to attach the disaster relief announcement as an other attachment, but its still 50/50 on an IRS love letter. I set up template responses each season so that we can reply to them quickly. jsample, Carike and FishOn 3
thepensionmaven Posted February 25 Posted February 25 RatherBeGolfing - I agree with adding the specific disaster notification as an attachment; but after speaking with IRS on this matter, I was told that DOL does not forward any attachments when they forward Form 5500 to IRS. That, in and of itself, does also seem strange.
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