A new address shown on Form 5558 will not update your records. You can get Form 8822B at www.irs.gov/Form8822B. Only the plan listed on Form 5558 will be processed. Lists attached to the Form 5558 will not be processed. When to file. Purpose of Form Use Form 5558 to apply for a one-time To avoid processing delays the most recent version of this Form 5558 should always be used. For CAUTION example this Form 5558 Rev. September 2018 should be used instead of the August 2012 version or any other...prior version. To determine the most recent version of this form go to www.irs.gov/Retirement. Future Developments For the latest information about developments related to Form 5558 and its instructions such as legislation enacted after they were published go to www.irs.gov/Form5558. How to file. A separate Form 5558 must be used for each plan for which an extension is requested. For example if an employer maintains a defined benefit plan and a profitsharing plan a separate Form 5558 must be...filed for each plan. A single Form 5558 may however be used to extend the time to file a plan s Form 5500 series return/report and its Lists of other plans should not be attached to a Form 5558. Page 3 Note If the filing date falls on a Saturday Sunday or a legal holiday the return may be filed on the next day that is not a Saturday Approved copies of Form 5558 requesting IRS. Line 1. Form 5330 File one Form 5558 to request an extension of time to file Form 5330 for excise taxes with the same...filing due date. Where To File File Form 5558 with the Department of Treasury Internal Revenue Service Center Ogden UT 84201-0045. Print Form Form Application for Extension of Time To File Certain Employee Plan Returns Rev* September 2018 Department of the Treasury Internal Revenue Service Part I A OMB No* 1545-0212 For Privacy Act and Paperwork Reduction Act Notice see instructions. Go to www*irs*gov/Form5558 for the latest information* File With IRS Only Identification B Name of filer plan...administrator or plan sponsor see instructions Filer s identifying number see instructions Employer identification number EIN 9 digits XX-XXXXXXX Number street and room or suite no. If a P. O. box see instructions Social security number SSN 9 digits XXX-XX-XXXX City or town state and ZIP code C Plan number Plan name MM Plan year ending DD YYYY Extension of Time To File Form 5500 Series and/or Form 8955-SSA Check this box if you are requesting an extension of time on line 2 to file the first Form...5500 series return/report for the plan listed in Part I C above. I request an extension of time until / to file Form 5500 series. See instructions. Note A signature IS NOT required if you are requesting an extension to file Form 5500 series. to file Form 5330. You may be approved for up to a 6-month extension to file Form 5330 after the normal due date of Form 5330. a Enter the Code section s imposing the tax b Enter the payment amount attached. c For excise taxes under section 4980 or 4980F of...the Code enter the reversion/amendment date.
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How to fill out IRS 5558
Instructions and Help about IRS 5558
How to edit IRS 5558
To edit IRS 5558, utilize pdfFiller’s editing tools to modify text, add signatures, and ensure all required information is accurate before submission. Focus on the accuracy of numbers and dates, as these are critical for IRS compliance. After making the necessary adjustments, verify that all changes are saved properly in the PDF document.
How to fill out IRS 5558
Filling out IRS 5558 requires specific information related to plan sponsorships and requirements for extensions. Start by entering identifying information at the top of the form, including the plan name and number. Follow each section’s instructions carefully, ensuring that calculations are precise and all applicable checkboxes are marked. Utilize a step-by-step approach to avoid errors, checking each part before continuing to the next.
About IRS 5 previous version
What is IRS 5558?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
What are the penalties for not issuing the form?
What information do you need when you file the form?
Where do I send the form?
About IRS 5 previous version
What is IRS 5558?
IRS 5558 is the form used to apply for an extension of time to file certain employee benefit plan returns. This form is essential for plan sponsors who need additional time beyond the standard deadlines to fulfill their filing obligations with the IRS. Utilizing this form helps ensure compliance, avoiding premature penalties for late submissions.
What is the purpose of this form?
The main purpose of IRS 5558 is to grant an extension for filing Form 5500 and certain other forms related to employee benefit plans. By filing this form, sponsors can extend their filing deadline, typically by 2 ½ months. This extension is crucial for organizations that may require more time to gather the necessary information or complete filings accurately.
Who needs the form?
Organizations sponsoring employee benefit plans, including pension and welfare plans subject to ERISA, are required to file IRS 5558 if they anticipate the need for more time to file necessary returns. This includes both small businesses and larger corporations managing retirement or health benefit plans.
When am I exempt from filling out this form?
Exemptions for filing IRS 5558 may apply to certain small plans or organizations that have already filed for an extension using another means. Additionally, plans that are not required to file Form 5500 are not required to file IRS 5558.
Components of the form
IRS 5558 is divided into several key components, including identifying the plan sponsor, the type of plan, and the specific return for which an extension is being requested. Additionally, space is provided for the plan number and name. Each section must be completed accurately to ensure proper processing by the IRS.
What are the penalties for not issuing the form?
Failing to file IRS 5558 by the deadline can result in penalties that may include monetary fines and interest on any amounts due for late filing. The IRS may impose per-day fines if the form is not submitted in a timely manner. Understanding these legal implications is crucial for ensuring compliance and avoiding unnecessary costs.
What information do you need when you file the form?
When filing IRS 5558, gather essential information such as the plan name, plan number, employer identification number (EIN), and the type of return needing an extension. Ensure that accurate records are maintained to support the details provided in the form to avoid discrepancies during processing.
Where do I send the form?
Once completed, IRS 5558 should be mailed to the appropriate address specified in the form’s instructions, depending on whether the return is being filed electronically or on paper. Always verify the current mailing address to ensure timely processing by the IRS.
FAQ about IRS 5558
How can I correct a mistake on my IRS 5558 after submission?
To correct mistakes on your IRS 5558, you must file an amended return. This involves completing the new form with the correct information and marking it as 'amended' to indicate that it replaces the previous submission. Keep in mind that you should also retain a copy of both the original and amended forms for your records.
What should I do if my e-filed IRS 5558 gets rejected?
If your e-filed IRS 5558 is rejected, check the rejection codes provided in the notification to understand the issue. Common reasons include incorrect information or missing signatures. You can fix these errors and resubmit the form electronically, ensuring all details are accurate to avoid further rejections.
Are e-signatures acceptable when submitting IRS 5558?
Yes, e-signatures are acceptable for IRS 5558, provided that the software used for e-filing adheres to IRS standards for digital signatures. Make sure to follow the guidelines set by the IRS regarding e-signatures to ensure your submission is valid.
What should I do if I receive a notice related to my IRS 5558?
If you receive a notice regarding your IRS 5558, carefully review the document to understand the issue raised. It is important to respond promptly and provide the required documentation or clarification as indicated in the notice to resolve the matter effectively.
How might the e-filing process for IRS 5558 differ based on the software used?
The e-filing process for IRS 5558 can vary by software due to differences in user interfaces, features, and technical requirements. Ensure that any software you choose is IRS-approved and meets the technical specifications for e-filing to streamline your submission experience.
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