In a classic instance of the left hand not knowing what the right hand is doing, the IRS has sent out a number of DENIALS for the Application For Extension Of Time to File an Employee Plan Return in error.
On the latest Form 5558, the instructions specifically state that no signature is required on the Application for Extension of Time, however the IRS began rejecting those submitted without signature, until someone there realized their mistake.
After speaking with a representative at the IRS, our office was given the following instructions for responding to the DENIAL letter:
* Write a letter back to the IRS explaining the form was not signed due to the change in the instructions
* Include a copy of the original Application for Extension of Time
* Include a copy of the DENIAL Letter
If you (or your clients) receive a DENIAL letter from the IRS, please forward it to our office immediately so that we may respond in the above manner timely.
Just another day in the Retirement Plan world...
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