DFVCP
DOL Delinquent Filer Voluntary Compliance Program — reduced-penalty cure for late Form 5500/SF filings (does NOT cover Form 5500-EZ).
Definition
DFVCP (Delinquent Filer Voluntary Compliance Program) is a DOL program that lets late filers of Form 5500 and 5500-SF settle penalties at reduced rates. CRITICAL: DFVCP does NOT apply to Form 5500-EZ filers — they must use the IRS Late Filer Penalty Relief Program under Rev. Proc. 2015-32, which caps penalties at $500 per delinquent return up to $1,500 per submission.
Why it matters
For IRS Form 5500-EZ, this term helps decide which records, dates, values, or review questions belong in the packet.
How the tool uses it
Solo 5500 treats this as a review signal. The user enters the facts, checks the source-linked explanation, reviews the packet, and files through the official channel when the supported case still fits.
When to check the source
Check the official source when the answer depends on eligibility, late filing relief, official correspondence, valuation, or a fact you cannot verify from your own records.
Source and review date
Last reviewed: . Use the linked source for the official wording behind this term.
Official source: DOL DFVCP