Understanding Your CP295 Notice
We charged you a penalty on your Form 5500.
What you need to do
- Pay the amount due to avoid additional penalty and interest charges.
Answers to Common Questions
What steps can I take if I can't pay the full amount?
Visit our website under the payment tab for more information about payment options.
What if I don't pay the amount by the due date?
Additional penalties and interest will accrue.
Can I request the penalty be removed or reduced?
If you believe a penalty should be reconsidered, mail a signed statement to the address on your notice. Identify which penalty you want reconsidered and why. We'll review the information and let you know if we accept your explanation.
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Understanding your notice
Your notice may look different from the sample because the information contained in your notice is tailored to your situation.
Notice CP295, Page 1
Notice CP295, Page 2
Notice CP295, Page 3
Notice CP295, Page 4