Understanding Your CP295 Notice
We charged you a penalty on your Form 5500.
What you need to do
- Pay the amount due to avoid additional penalty and interest charges.
Answers to Common Questions
What steps can I take if I can't pay the full amount?
Visit our website under the payment tab for more information about payment options.
What if I don't pay the amount by the due date?
Additional penalties and interest will accrue.
Can I request the penalty be removed or reduced?
If you believe a penalty should be reconsidered, mail a signed statement to the address on your notice. Identify which penalty you want reconsidered and why. We'll review the information and let you know if we accept your explanation.
Understanding your notice
Your notice may look different from the sample because the information contained in your notice is tailored to your situation.
Notice CP295, Page 1
Notice CP295, Page 2
Notice CP295, Page 3
Notice CP295, Page 4