Form 8599-2025

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Who must file Form 8955-SSA? The plan sponsor must file Form 8955-SSA if it is required to file Form 5500 and has at least one participant who has terminated from employment that is still owed a vested benefit.
The two most likely to apply are as follows: Incomplete Filing Penalty: $10 per day for each participant that is required to be reported but is not included on the form (up to a maximum of $50,000 per plan year); and, Late Filing Penalty: $25 for each day the form is late (with no maximum).
The erroneous notices were due to a programming issue in the IRS system that receives Forms 8955-SSA. ARA members were among those who received the erroneous penalty notices. The ARA immediately contacted the IRS to report the matter and provide information to help the IRS address it. In the Sept.
Use the IRSs FIRE (Filing Information Returns Electronically) to electronically file Form 8955-SSA.
In plain English, this form alerts the IRS to all participants who have terminated employment but are still owed a vested benefit. SSA stands for Social Security Administration, because they are the ones that alert the terminated participant that they still are owed a benefit from the plan.
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Heres an overview of the IRS Form 8832 instructions so you know exactly how to change your tax status. Step 1: Provide basic business information. Step 2: Complete part 1, election information. Step 3: Complete part 2, late election relief. Step 4: Mail IRS Form 8832. Step 5: Keep an eye on the mail.
If Form 3911 is incomplete, follow procedures in IRM 21.4.2.3. 3, Form 8599, Request for Missing Information Regarding Refund, to request the missing information. If a joint return, both taxpayers must sign.
In general, information about the deferred vested retirement benefit of a plan participant must be reported on the Form 8955-SSA filed for the plan year in which the participant completes the second of two consecutive 1-year breaks in service.

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