Check and Double-Check! Errors on Your Form 5500 Can Lead to an IRS Audit

Mistakes on your plan's Form 5500 create a nice target for the Internal Revenue Service's auditors. In its February 2, 2015 edition of Employee Plans News, the Internal Revenue Service explains that entering incorrect information or leaving a blank in a required field increases the likelihood you're your plan will be selected for a compliance check. Click Here to read more. Source:

Richard M. Todd