Fact or Fiction?

[bzorc]

I was on a conference call yesterday that implied that some organization (I think perhaps the AICPA) has again petitioned the DOL to extend the 12-31-09 Form 5500 filing deadline to 12-15-2010. Has anyone else heard that?

[12AX7]

I know that ASPPA sent a letter to the DOL to request an extension.

[Guest Michael Scott]

Yes, in addition to ASPPA's letter on 10/1, AICPA sent a letter on 10/5 requesting extension.

I would be surprised, though, if either request gets the deadline moved. jmo.

[bzorc]

I would agree, Michael.

[Tom Poje]

I would guess the only 'extension' would be, if, on 10/15 so many people file at once the system crashes then a few days would be granted until things were up and running. but I wouldn't hold my breath on it.

I've seen the ASPPA reasons given for wanting an extension,

eg.

Filing signers are selecting a User Role other than “filing signer” when

applying for EFAST2 credentials

well, I thought the instructions are clear what you are suppose to sign up as. (most of our clients we even sent out a file showing the different screen prints of what they would see and exactly what to check just to avoid this) Even if you did it incorrectly, you go in and modify it and get on with life, I simply don't see that as a valid reason for needing a couple more months.

the 5500s we have that aren't completed yet are large plans waiting the auditors opinion (but all in progress)

or small plans that the client is just being slow on (e.g. if they want us to file they haven't returned the signature pages)

I don't think we could honestly categorize anything we have that might end up being late due to E-Fast2 itself.

[Bird]

I don't think we could honestly categorize anything we have that might end up being late due to E-Fast2 itself.

Same here.