“Your Retirement Plan Exposes You
to a $150,000 Penalty”
To get my complete article
with all the details…
Are You Exposed to a $150,000 IRS Penalty?
If you have a solo 401(k) or similar retirement plan, you must read this.
Many business owners don’t realize that the IRS requires at least one filing of Form 5500-EZ for one-participant retirement plans—including solo 401(k)s, defined benefit plans, and others. Failure to file this seemingly simple two-page form can result in jaw-dropping penalties—up to $150,000 per unfiled return.
The good news: You can avoid this entirely—if you know what to do.
In our latest article, we break down:
- What plans must file Form 5500-EZ
- The $250,000 threshold you need to watch
- The overlooked “final return” rule
- Key deadlines and how to get automatic extensions
- How to qualify for IRS penalty amnesty
- What to do if you’ve already received a penalty notice
This article could save you thousands—or even six figures—in unnecessary penalties.
“Your Retirement Plan Exposes You
to a $150,000 Penalty”
P.S. Form 5500-EZ is not a tax form. It’s not filed with your tax return. Make sure you know who is filing it.