Stash026 Posted October 1, 2018 Posted October 1, 2018 I just took over a plan who changed their EIN number during '17 (I'm not 100% sure why, but that's irrelevant). Anyone have any experience on notifying the IRS of this change, so we don't have an issue when filing the Form 5500? Thanks in advance!
gr1546 Posted October 1, 2018 Posted October 1, 2018 There is a place on the 5500 form to indicate that the EIN has changed.
Stash026 Posted October 1, 2018 Author Posted October 1, 2018 That's what I thought, but they previously filed a 5500-SF and I don't see it on there. Am I just overlooking it?
Bill Presson Posted October 1, 2018 Posted October 1, 2018 You said it was irrelevant as to why, but it may be very relevant. Companies don't just "change" EINs. So, if a new company was formed or the company was sold or whatever, you need to make sure the new company is actually legally sponsoring the plan. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
TommyGunn13 Posted October 2, 2018 Posted October 2, 2018 I don't run into this often, but the past three times I updated that field to signify a change in EIN the client got an IRS letter saying that the plan sponsor either did not file a form (looking for one under the old number) or it was supposed to be checked off that it was first return. Handled with a simple letter of explanation but was annoying and client though we had screwed up because of the letter.
Kristina Posted October 2, 2018 Posted October 2, 2018 TommyGunn13 is correct. There will be a letter asking for the 5500 Series for the old EIN. The IRS has apparently not connected the dots on this, but we live in hope., JackS 1 Kristina
jpod Posted October 2, 2018 Posted October 2, 2018 Bill Presson has posed the "real" question here. It should not be ignored.
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