American Funds Trust Reportd

Unable to retrieve American Funds Funds Trust Reports have been unable to be produced due to "IT problems with restructuring the Trust Reports to the old platform" and these have not been able to be made available.

Since the beginning of October.  This will affect some clients who have been waiting for the Trust Reports as I  always compare these with clients' records.

I consider this a Reasonable Cause, but the communication with IRS usually takes a few months.

I have always been advised to wait until all information is available to file rather than just filing nebulously ax the client signs no perjury  as he signs Form 5500-SF.

Thoughts, comments?

Only the IRS can determine if it's reasonable cause or not.

DFVC offers certainty, reasonable cause you are the mercy of whoever at the IRS is reviewing it, though you could appeal if it's denied.

Good point, thanks.

Woold not a DFVC filing for the same plan for two consecutive years prompt an audit?

We were visiting the DFVC calculator page ready to start, but were prompted with a prior DFVC submission that had not been paid?

Have the changed the page and not allowed since apparently not paid?

Never seen this before.

No DFVC filing had been made for their year of question, 5500-SF filed 10/16 and they want a $750 fee?