IRS Late Filer Penalty Relief Program
Rev. Proc. 2015-32 program that lets one-participant plan filers cure late Form 5500-EZ at $500/return capped at $1,500/submission.
Definition
The IRS Late Filer Penalty Relief Program for Form 5500-EZ filers, established under Revenue Procedure 2015-32, lets one-participant plans settle delinquent EZ returns at $500 per delinquent return, capped at $1,500 per submission. The program is available only when the IRS has not yet contacted the sponsor about the delinquency. This is the EZ-equivalent of DFVCP (which excludes 5500-EZ).