What are the penalties for late filing of Form 5500?
2.4k views | Last modified 5/25/2020 9:11:58 AM EST

Applicable To
94X 1099 W-2 ACA W-4

Late filed returns are subject to penalties from both IRS and DOL. 

  1. The IRS penalty for late filing of a 5500-series return is $25 per day, up to a maximum of $15,000.
  2. The DOL penalty for late filing can run up to $1,100 per day, with no maximum.

To know more about the penalties for late filing, click here.

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