Cindy Posted January 22, 2021 Posted January 22, 2021 With the IRS requirement to file and pay for VCPs at pay.gov how are you handling this for your clients? With the new electronic requirement, I was completing the 8950 & 8951 in a pdf and providing it to my clients so all they had to do was fill in the blanks and submit the fee. Our Forms provider links us to the IRS website and no longer provides a copy of the form and neither does the IRS. Curious how others are handling. Thank you
Christine Zinter Posted January 25, 2021 Posted January 25, 2021 I've been filling in everything online as if I was going to file, then taking a screenshot of everything I've done. I give the screenshot to the employer and tell them they have to re-enter all the data on their own, and then go the pay.gov website and complete the transaction. It isn't "consultant friendly" but it's all I've been able to come up with.
RatherBeGolfing Posted January 26, 2021 Posted January 26, 2021 POA and submit as practitioner? Bill Presson 1
Alan Kandel Posted January 27, 2021 Posted January 27, 2021 We use a POA, have the client sign a penalties of perjury statement, and submit as the practitioner.
Carol V. Calhoun Posted January 27, 2021 Posted January 27, 2021 We do the same as @RatherBeGolfing and @Alan Kandel. Client sends us a check for the filing fee. We deposit the check, then use a POA and the firm credit card to make the submission. The thing that's a pain is that you want to have all the information for the 8950/8951 ready before you start the process, but you can no longer just fill the forms out in advance and submit them. I actually saved copies of the old Forms 8950 and 8951, converted them to fillable forms, and fill them out (in order to have a reminder for myself, not to submit to the IRS) before each VCP submission. And of course, this process will be even more cumbersome if they ever change what you have to submit online from what was required by the old forms. Dave Baker and Bill Presson 2 Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances.
Peter Gulia Posted January 27, 2021 Posted January 27, 2021 Just curious, does the IRS's software allow a user to save, in the system, a draft and return to it when the user is ready to make the draft final, pay, and submit? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
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