Have you received a notice for late filing of the 5500, but you believe you filed timely? If so, it is possible you are part of a group that the IRS has admitted to mistakenly assessing penalties and sending notices to. The IRS had a system and timing glitch for certain Form 5500s that were filed before the extension request was processed. If you have received this notice you can all the IRS and explain the situation and they will remove the penalty and clear the notice. If you need our assistance, please feel free to contact us.
IRS Circular 230 – Notice of Disclosure: Any tax advice included in this electronic or written communication is not intended or written to be used, and it cannot be used by the taxpayer, for the purpose of avoiding any penalties that may be imposed on the taxpayer by any governmental taxing authority or agency.