News

Late Filing Penalty Relief

  • Agency News

The IRS has instated a one-year pilot program offering penalty relief for one-participant retirement plans that have failed to timely file an annual retirement plan information Form 5500-EZ. A penalty for this infraction is at least $25/day and total up to $15,000 per return. This program also includes certain foreign…

March Update From PAPSA

  • Agency News

A recent update sent by the Pennsylvania Association of Private School Administrators includes a section by Jay Alexander, Certified Public Accountant at Wilke & Associates: 1. EFFECTIVE JULY 1, 2011, schools will probably be prohibited from compensating employees involved in enrolling students or assisting students with obtaining financial aid in…

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