Get the free Form 5558

Effective June 21, 2012, the IRS has removed the signature requirement for Form 5558 when used to request an extension for Form 8955-SSA, aligning it with the signature policy for Form 5500.

How to fill out form 5558

How to fill out Form 5558

1. Gather the necessary information: Ensure you have all required information, such as name, address, and tax identification number.
2. Download Form 5558: Obtain the form from the IRS website or your tax software.
3. Fill out Part I: Complete the identifying information for your plan, including the plan name and number.
4. Complete Part II: Provide the reason for the extension request, selecting the appropriate box.
5. Fill out Part III: Include any necessary signature and date information.
6. Review the form: Check for any errors and ensure all sections are completed accurately.
7. Submit the form: Send the completed Form 5558 to the address specified in the instructions.

Who needs Form 5558?

1. Employers who maintain a retirement plan and need an extension to file their annual return forms.
2. Plan administrators who require additional time to file Form 5500 or other related forms for their plans.

People Also Ask about

Does form 5558 need to be filed electronically?

The IRS has released the 2025 Form 5558 to be used to request an extension in filing the Form 5500 that will report about the 2024 plan year. And now it can be filed electronically, as well as on paper.

What is the IRS Form 5500 used for?

The employer maintaining the plan or the plan administrator of a Pension or Welfare benefit plan covered by ERISA. File Form 5500 to report information on the qualification of the plan, its financial condition, investments and the operations of the plan.

What is the IRS form 5558 used for?

Use Form 5558 to apply for a one-time extension of time to file the Form 5500 series, and Form 8955-SSA. To avoid processing delays, the most recent version of this Form 5558 must be used. For example, this Form 5558 (Rev. January 2025) must be used instead of the January 2024 version or any other prior version.

Who counts as a participant for 5500?

Active participants (i.e., any individuals who are currently in employment covered by the plan and who are earning or retaining credited service under the plan). This includes any individuals who are eligible to elect to have the employer make payments under a Code section 401(k) qualified cash or deferred arrangement.

What type of return is a 5500?

Page 1 of 1 The 5500 series of tax forms are prepared by retirement plans. They report the business activity, investments, expenditures and earnings of the plan for the year.

What is a 5500 used for?

Form 5500 is filed with the DOL and contains information about a 401(k) plan's financial condition, plan qualifications, and operation. The form aims to provide the IRS and DOL with information about the plan's operation and compliance with government regulations.

What happens if you don't file form 5500?

It's normally a year after it was due and includes a substantial penalty. Late filed returns are subject to penalties from both IRS and DOL, so it's very important to identify this mistake before we do. The IRS penalty for late filing of a 5500-series return is $25 per day, up to a maximum of $15,000.

Does form 5558 have to be signed?

If you are filing Form 5558 for an extension to file Form 5500 series return/report or Form 8955-SSA, a signature is not required.

For pdfFiller’s FAQs

What is Form 5558?

Form 5558 is a form used by employers to apply for an extension of time to file their employee benefit plan annual reports, specifically for the Form 5500 series.

Who is required to file Form 5558?

Any employer, plan administrator, or trustee of an employee benefit plan that is required to file Form 5500 may file Form 5558 for an extension.

How to fill out Form 5558?

To fill out Form 5558, you'll need to provide information such as the plan name, plan number, and the year for which you are requesting the extension, along with the signature and date.

What is the purpose of Form 5558?

The purpose of Form 5558 is to provide a formal request for a 2½-month extension to file the annual report for employee benefit plans.

What information must be reported on Form 5558?

Form 5558 requires reporting information such as the plan name, plan number, tax identification number, the type of plan, the year for which the extension is requested, and the reason for requesting the extension.