PAL Posted July 15, 2011 Posted July 15, 2011 When completing a Form 5558 for a calendar year end plan, are you using 10/17 as the due date since 10/15 falls on a weekend? Relius has is reporting that the IRS is rejecting these requests for extension because the extension period is 2 days longer than the 2 1/2 months permitted. http://www.relius.net/Support/rgfproductnews.aspx?ID=264 I've been doing 5500 for a long time and I don't remember having this issue n the past although I think it's been a while since the extended due date was on a weekend. I'd like to hear back on what date others are using. Thanks. PAL
mbozek Posted July 16, 2011 Posted July 16, 2011 When completing a Form 5558 for a calendar year end plan, are you using 10/17 as the due date since 10/15 falls on a weekend? Relius has is reporting that the IRS is rejecting these requests for extension because the extension period is 2 days longer than the 2 1/2 months permitted. http://www.relius.net/Support/rgfproductnews.aspx?ID=264 I've been doing 5500 for a long time and I don't remember having this issue n the past although I think it's been a while since the extended due date was on a weekend. I'd like to hear back on what date others are using. Thanks. PAL P3 col 1 of the 5558 instructions extends the time to file the 5500 until the next business date following 10/15. Edit: I think the due date with extension entered on the 5558 return must remain 10/15 which is 2 1/2 months after the due date for filing the form but the IRS instructions allow the return to be filed/mailed on 10/17 because the due date for the extension falls on a Saturday. File on 10/17 and get a certified receipt from the PO. mjb
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