Filing for 5500s for off calendar year plan extended

The Internal Revenue Service (IRS) has increased the filing and payment relief provided under prior guidance.

IRS Notice 2020-23 extends the due date for employee benefit plans required to make the Form 5500 series filings due on or after April 1, 2020, and before July 15, 2020. Plans with original due dates or extended due dates falling within this period now have until July 15, 2020, to file their information reports.

Plan Administrators with original (un-extended) filing due dates falling within this announced 2 ½ month period who need additional time to file may request extensions by filing Form 5558 by July 15, 2020. This relief does not extend to calendar year plans and the 5500 for the December 31, 2019 Plan Year. Depending on how this pandemic continues, the IRS may issue further guidance.

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