The IRS announced on March 25 that it has suspended issuance of delinquent notices to a variety of filers, including retirement plans. These are notices generally mailed to tax-exempt or governmental entities in case of a delinquent return.
Among the notices covered by the announcement are:
- CP214: Reminder Notice About Your Form 5500-EZ or 5500-SF Filing Requirement
- CP403: First Delinquency Notice – Form 5500 or 5500-SF
- CP406: Second Delinquency Notice – Form 5500
The IRS says that due to the pandemic, it has not yet processed several million returns filed by individuals and entities. It contends that this suspension will help avoid confusion when a filing is still in process.
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