Doll Lank explains that the IRS typically asks for plan documents and records from the current and previous two years. 

#IRSAudit #PlanCompliance #Form5500

Doll Lank describes how the IRS reviews data from Form 5500 filings stored in its database. 

The system scans for red flags or inconsistencies that may require closer inspection. 

#IRSAuditProcess #Form5500 #BenefitsPlans

Doll Lank explains that no one truly knows what triggers an IRS audit of a benefit plan.

This electronic filing is the IRS’s main communication tool for identifying potential audit targets.

#IRSAudit #Form5500 #BenefitsCompliance

Doll Lank discusses the significance of the October 15 deadline for plans with a calendar year-end. 

This is when the Form 5500, an informational tax return for benefit plans, must be filed. 

#Form5500 #ERISACompliance #BenefitsReporting