Six years ago, on April 22, 2008, as a twenty-year member of ASPPA and a Director of the Small Business Council of America, I filed a Position Paper with the Internal Revenue Service TE/GE entitled, “The Time is Now to Remedy the Inequity Applied to American Small Businesses Respecting the Late Filing of IRS Form 5500-EZ.” The Position Paper set forth what I believed would be the most reasonable and equitable remedy to the application of late filing penalties to “employer-sponsors” for the failure to timely prepare and file IRS Form 55–EZ.
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