I was recently told by a new financial advisor that I did not need to file 5500s, which I have been doing for 25 years.

I am a freelance designer, no employees, sole proprietor. I have 6 mutual funds, all SEP-IRAs, that I set up in the 1990s with a financial planner who was not all that great. He had me start filing 5500s when the total assets went above $100,000

The new advisor said that they could have an attorney contact the IRS with a letter, explain this, and essentially have them throw all that paperwork away.

Since I did not go with that advisor — I invest on my own, they wanted to transfer me entirely into annuities — I tried calling a tax attorney for help, but they said they had never heard of this situation and could not really do anything. She recommended this forum and calling the IRS directly.

Any one have any insight?

I do plan to try calling the IRS directly as well.