t.haley Posted July 21, 2020 Posted July 21, 2020 Just discovered that client mailed their 5500s for 2018 instead of using EFAST. Does anyone know what happens to 5500s that get mailed? I assume they are treated as not having been filed and we need to do a delinquent filing and pay the penalty?
Lou S. Posted July 21, 2020 Posted July 21, 2020 Delinquent filing with payment would be safest option and probably cheapest option.
t.haley Posted July 21, 2020 Author Posted July 21, 2020 Thanks Lou. That is my thought as well. The client was trying to save some money and do the 5500s themselves and did not realize that mailing was no longer an option. Not a bad idea given that they were simple returns but they missed one important detail.....now they will pay more in penalties than what it would have cost for me to do it for them.
Bill Presson Posted July 21, 2020 Posted July 21, 2020 Yep. Don't let them off easy. Charge what you would have charged. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
imchipbrown Posted July 24, 2020 Posted July 24, 2020 You can check the filing status on the EFAST site. Maybe it was accepted? Stranger things have happened.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now