Form 14704 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the applicant’s name in the designated field. This should be the name of the plan sponsor or plan administrator.
  3. Next, fill in the applicant's street address, ensuring accuracy for proper identification.
  4. Provide the city or town, state, and zip code. If applicable, include any foreign country name and province/county.
  5. Enter the Applicant’s Employer Identification Number (EIN) in the specified field; do not use a Social Security Number.
  6. Input the applicant’s telephone number for contact purposes.
  7. Fill in the plan number associated with your submission.
  8. Indicate the last day of the plan year for each delinquent return included in this submission using MM/DD/YY format.
  9. Select the appropriate box that corresponds to the number of delinquent returns you are submitting and enter the corresponding payment amount.

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Without the program, a plan sponsor faces many potential late filing penalties, including: $250 per day, up to $150,000 for each late Form 5500 or 5500-EZ, plus interest (IRC Section 6652(e)) as amended by section 403 of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act).
You must file Form 5500-EZ for a retirement plan if the plan is a one-participant plan or a foreign plan that is required to file an annual return under section 6058(a). 3. Does not provide benefits for anyone except you (or you and your spouse) or one or more partners (or partners and their spouses).
Form 1099-R is used to report the distribution of retirement benefits such as pensions, annuities or other retirement plans. Additional variations of Form 1099-R include: Form CSA 1099R.
About the Form 5500 Any administrator or sponsor of an employee benefit plan subject to ERISA must file information about each benefit plan every year (pursuant to Code section 6058 and ERISA sections 104 and 4065).
It starts the clock on the statute of limitations which generally remains open for three years after the filing is submitted. If a 5500-EZ is not filed, that year is potentially open to audit indefinitely. It avoids unnecessary questioning from the IRS if it thinks the plan sponsor has missed a filing.

People also ask

The IRS penalty for late filing of a 5500-series return is $25 per day, up to a maximum of $15,000.
Form 14704 is used for the Delinquent Filer Penalty Relief Program. This form allows applicants to submit their delinquent returns.

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