The IRS system that receives Forms 8955-SSA experienced programming issues, resulting in the sending of CP 283-C penalty notices to plan sponsors in error. Many of the recipients of these penalty notices were plan sponsors who completed 2022 Forms 8955-SSA in a timely fashion, yet they indicate an incomplete or late filing.
If this IRS notice is dated prior to September 1, 2023, but the plan sponsor filed a complete return on time, it is not required to respond. The IRS has resolved the issue with programming in this system and is making updates to the records to reflect all complete and timely filings.
If you have questions, you can contact the IRS directly at 877-829-5500.
Additionally, if Form 8955-SSA was filed with the DOL through the EFAST2 System, the IRS will not treat it as a timely filing. Make sure to use the proper filing system. For more information on filing this form and Form 5500 series returns, click here.
This article is informational and does not constitute legal or financial advice. Consult with an employment lawyer or accountant for additional clarification on how these changes impact your company.