The IRS is alerting employee benefit plan sponsors that they might erroneously receive penalty notices for late or incomplete filing. This is due to a programming problem that the tax agency has since repaired. So long as plan sponsors filed a 2022 Form 8955-SSA in full and on time, they can ignore CP 283-C notices dated Sept. 1, 2023, or earlier. The IRS is also reminding plan sponsors that they must file Form 8955-SSA with the IRS, not the U.S. Dept. of Labor (DOL). If they use the DOL’s EFAST2 system to file their return, the IRS won’t recognize it as filed on time. Plan sponsors with questions can call 877-829-5500 or visit https://bit.ly/44Hw00f.
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