Form 5558 Filing Extension for 3/31/10 PYE

[MoShawn]

Having trouble reasoning this one out.

The due date for Form 5500 for a 3/31/10 plan year would be 10/31/10. Since that is a Sunday, the due date would move to the next business day, Monday, November 1.

An extension of time to file for 2 1/2 months normally takes the due date to 1/15/11. Since that is a Saturday, the due date would move to the next business day, Monday, January 17. However, that is Martin Luther King, Jr. Day. So would the extended due date move to 1/18/11? Or would it be better to be safe and enter 1/14/11 and have a day short of the full 2 1/2 months?

[My 2 cents]

Is there any reason not to put 1/15/11 down as the extended filing deadline on the 5558 and let the chips fall where they may?

To be on the safe side, perhaps the filer might want to be sure to file on or before that date, even if that means getting it done by the 14th.

Can EFast2 filings be submitted on a Saturday? A holiday? What would the DOL consider timely (or not timely)?

[austin3515]

I would make the extension to the first business day following the extended due date, and file by that date. In this case, that would be the Tuesday after MLK day.