Form 8955-SSA Penalties Assessed in Error
Approximately 4,000 plan sponsors received erroneous CP 283C, Notice of Balance Due for Incomplete/Late Penalties for their Form 8955-SSA, Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits. These erroneous notices were dated between July 28 - August 26, 2013.
We corrected the programming error that generated the notices and abated the erroneous penalties. We also sent letters apologizing for the error; it isn’t necessary to reply to the notice or to contact the IRS.
If you received an IRS penalty notice dated between July 28 and August 26, 2013, for an issue unrelated to this programming error, you must respond according to the instructions in the notice.