Memorial Sloan Kettering is probably one of the top 5 cancer hospitals in the United States. If I ever got cancer, I’d be there as a patient instead of some rinky dink local hospital (my mother would take us to the nearest doctor, no matter how bad they might be). I had a friend who beat back deadly cancer twice because she was on top of things. A co-worker who waited too long told him they could do nothing for him and he passed.
I’m proficient in eliminating penalties from the Internal Revenue Service (IRS) and the Department of Labor (DOL) for the late 5500s. These penalties can be crushing, especially from the DOL. Some penalties from the DOL can be in the six figures. I’ve had them waived because the plan sponsor filed their Form 5500. A Third Party Administration (TPA) client referred me to one of their clients and I can’t remove this penalty because the 5500 still hasn’t been filed because they haven’t gotten their act together with their auditor. You can only eliminate penalties for those who have complied (even if late). If they haven’t complied with filing the 5500, there is nothing you can do. There are so many ways to get a penalty waived, but when a plan sponsor can’t get a Form 5500 filed within two years, I have nothing for them.
