Recent Changes to the EFAST2 Rule

Tuesday, June 22, 2010 by Andrea Sheets, CPA

The Department of Labor (DOL) now wants practitioners to jump through hoops and the result does not add value to the client engagement.  Effective May 13, 2010, the DOL now requires that practioners obtain EFAST2 signing credentials – to do so, a client must sign an authorization form giving the practitioner the authority to electronically sign and file Form 5500 on their behalf.

This new rule is causing quite a stir with the Third Party Administrator (TPA) and CPA community who prepare Forms...

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