Filing deadline extended for certain Forms 5500

Tax Hot Topics newsletter The IRS extended the filing deadlines for items under Rev. Proc. 2018-58 in Notice 2020-23. This includes the postponing filing due dates for certain Form 5500 series, Annual Return/Report of Employee Benefit Plan, to July 15, 2020.

Rev. Proc. 2018-58 postpones certain tax reporting obligations in the event of a federally declared disaster. Forms 5500 are generally due on the last day of the seventh month after the plan year-ends (July 31 for a calendar-year plan). Pursuant to Notice 2020-23, affected taxpayers required to file Forms 5500 on or after April 1 and before July 15, 2020 (originally or pursuant to a valid extension), now have until July 15, 2020, to complete their filing requirements (or further extend under the regular extension rules to the extent available).

This extension, to the extent applicable, is automatic and plan sponsors do not have to file extension forms.

It does not apply to calendar year 2019 Form 5500 filings originally due July 31, 2020, which can be extended by filing an IRS Form 5558 on or before July 31, 2020.

Jeff Martin
Washington National Tax Office
T +1 202 521 1526

Keith Mong
Managing Director
Washington National Tax Office
T +1 202 521 1554

James Sanchez
Senior Associate
Washington National Tax Office
T +1 202 861 4107

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