The new Form 5300 instructions provide notice to taxpayers that Form 5300 must be submitted electronically on www.pay.gov as of July 1, 2022. Taxpayers were previously permitted, but not required, to submit Form 5300 on pay.gov beginning June 1, 2022.
Form 5300 is filed when a taxpayer wishes to request a determination letter from the IRS for the qualification of a defined benefit or a defined contribution plan and the exempt status of any related trust. To submit Form 5300, a taxpayer must register for an account on pay.gov, enter “5300” in the search box, select Form 5300, and complete the form.
Pay.gov can only accommodate a single, consolidated .pdf file of attachments, not exceeding 15MB. If files are removed to meet the 15MB limit, taxpayers must contact IRS Customer Accounts Services at 877-829-5500 for assistance on how to submit the removed forms.
Contact:
Tax professional standards statement
This content supports Grant Thornton LLP’s marketing of professional services and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the topics presented herein, we encourage you to contact us or an independent tax professional to discuss their potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this content may be considered to contain written tax advice, any written advice contained in, forwarded with or attached to this content is not intended by Grant Thornton LLP to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.
The information contained herein is general in nature and is based on authorities that are subject to change. It is not, and should not be construed as, accounting, legal or tax advice provided by Grant Thornton LLP to the reader. This material may not be applicable to, or suitable for, the reader’s specific circumstances or needs and may require consideration of tax and nontax factors not described herein. Contact Grant Thornton LLP or other tax professionals prior to taking any action based upon this information. Changes in tax laws or other factors could affect, on a prospective or retroactive basis, the information contained herein; Grant Thornton LLP assumes no obligation to inform the reader of any such changes. All references to “Section,” “Sec.,” or “§” refer to the Internal Revenue Code of 1986, as amended.
More tax hot topics
No Results Found. Please search again using different keywords and/or filters.