Form 5558

Form 5558

A form that one files with the IRS to request an extension of time for filing various forms related to employee retirement plans. The forms covered by Form 5558 are Form 5500, Form 5500-SF, Form 5500-EZ, Form 8955-SSA, and Form 5330.
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Should a plan need additional time to complete the form, it can file a Form 5558 for a 2 1/2-month extension, as long as that form is filed before the original Form 5500 deadline, he says.
Further, Form 5558 no longer requires an explanation of the need for an extension or a signature.
These filers will not need to file Form 5558, Application for Extension of Time to File Certain Employee Returns, and cannot further extend the automatic transition extension by using form 5558.
The optional service includes the preparation of Form 5500 and all applicable schedules, preparation of the Summary Annual Report (SAR), preparation of Form 8955-SSA, automatic filing extension through the completion and filing of Form 5558 (if necessary), and compliance with the electronic filing through EFAST2 mandated by the Department of Labor (DoL).
Jul 31 / DB+DC / Form 5558 (Application for Extension of Time to File Certain Employee Plan Returns) is due-used to apply for extension of time to file Forms 5500 and 5330.
However, taxpayers whose 1999 Form 5500 is due after July 31 will need to file a timely Form 5558 to obtain a two-and-one-half month extension.
Tip 3) Make sure the employer identification number (EIN) on the Form 5500 is the same as that listed on the Form 5558 and that they are the same as issued by the IRS.
Jul 31 / Form 5558 (Application for Extension of Time to File Certain Employee Plan Returns) is due-used to apply for extension of time to file Forms 5500 and 5330.
AUG 1 / Form 5558 Application for Extension of Time to File Certain Employee Plan Returns is due (used to apply for extension of time to file Forms 5500 and 5330).
However, in response to IRS resource-planning needs, this return category has been expanded and now includes the following additional returns: Form 5330, Return of Initial Excise Taxes Related to Employee Benefit Plans; and Form 5558, Application for Extension of Time To File Certain Employee Plans Returns.
DEC 15/ Extended deadline for providing Summary Annual Reports to participants if Form 5500 deadline was extended due to filing Form 5558.