{"id":4553,"date":"2020-03-02T08:01:55","date_gmt":"2020-03-02T13:01:55","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=4553"},"modified":"2020-03-02T08:01:55","modified_gmt":"2020-03-02T13:01:55","slug":"that-late-5500-will-cost-you-more-under-the-secure-act","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4553","title":{"rendered":"That late 5500 will cost you more under the SECURE Act"},"content":{"rendered":"<p><span class=\"s2\">One of the provisions of the SECURE Act increased the Internal Revenue Service\u2019s (IRS\u2019) penalties on late 5500s. Under the SECURE Act, late filers that miss their late-filing deadline will face a daily penalty of $250 versus the $25-per-day penalty in effect before January 1, 2020. Likewise, the maximum penalty has increased ten-fold, from $15,000 to $150,000. That doesn\u2019t even include the Department of Labor\u2019s (DOL\u2019s) penalties, which is well over $2,000 per day.<\/span><\/p>\n<p><span class=\"s2\">So if you have a late 5500, consider a filing with the DOL\u2019s delinquent filer voluntary compliance program to save thousands and thousands of dollars.<\/span><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>One of the provisions of the SECURE Act increased the Internal Revenue Service\u2019s (IRS\u2019) penalties on late 5500s. Under the SECURE Act, late filers that miss their late-filing deadline will face a daily penalty of $250 versus the $25-per-day penalty &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4553\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4553"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4553"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4553\/revisions"}],"predecessor-version":[{"id":4554,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4553\/revisions\/4554"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}