Jump to content

"We made changes to your...Form 5500"


Bird

    Recommended Posts

    Client got a CP 220 notice stating the IRS made changes to their return and owes $2200+.  Of course no changes are specified or the reason for the penalty.  (It reads like a scam.)  I saw an earlier thread on this and realize it's probably for a "late" filing...but this was a 201 1 return, filed Oct 15, 2012.  We didn't handle the plan at the time, so don't have proof of filing the extension and doubt we can get it, but I think we can beat the rap; just looking for the fastest way to do so - does(n't) the statute of limitations cover this? 

    (It's very hard not to begin any correspondence with "Are you f-ing kidding me?")

    Ed Snyder

    Link to comment
    Share on other sites

    53 minutes ago, Bird said:

    Client got a CP 220 notice stating the IRS made changes to their return and owes $2200+.  Of course no changes are specified or the reason for the penalty.  (It reads like a scam.)  I saw an earlier thread on this and realize it's probably for a "late" filing...but this was a 201 1 return, filed Oct 15, 2012.  We didn't handle the plan at the time, so don't have proof of filing the extension and doubt we can get it, but I think we can beat the rap; just looking for the fastest way to do so - does(n't) the statute of limitations cover this? 

    (It's very hard not to begin any correspondence with "Are you f-ing kidding me?")

    Ive had this happen a few times.  Once the IRS, in its infinite wisdom, decided to change the EIN of the sponsor for no apparent reason.  Another time, they changed a plan number from 003 to 001 because they thought that it should be 001, even though plans 001 and 002 had been properly terminated 10+ years ago.  I think I had the late filing with a penalty once before as well, and was able to take care of it with a 2848 and a call to the IRS. 

    Im sure you can get it taken care of, but it is aggravating, especially if you have to sit on hold for an hour to talk to someone and then go through the new IRS POA screening procedure where they basically ask you for your first born in order to talk to you 

    Link to comment
    Share on other sites

    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 account

    Sign in

    Already have an account? Sign in here.

    Sign In Now
    ×
    • Create New...
    View Site in Mobile | Classic
    Share by: