Form 5558

[Hojo]

I have a client who was asked to electronically sign their Form 5500. It didn't look like they would make the deadline so we filed a Form 5558 extension yesterday. Today, the client electronically signed the Form 5500. Do I need to go back and check the box with the "extension of time" and resubmit?

[Andy the Actuary]

I have a client who was asked to electronically sign their Form 5500. It didn't look like they would make the deadline so we filed a Form 5558 extension yesterday. Today, the client electronically signed the Form 5500. Do I need to go back and check the box with the "extension of time" and resubmit?

IMHO, "No." Filing for extension grants you additonal time; it doesn't say you have to take it. Prior to EFAST, you wouldn't have resubmitted the paper form, would you?

[Hojo]

I have a client who was asked to electronically sign their Form 5500. It didn't look like they would make the deadline so we filed a Form 5558 extension yesterday. Today, the client electronically signed the Form 5500. Do I need to go back and check the box with the "extension of time" and resubmit?

IMHO, "No." Filing for extension grants you additonal time; it doesn't say you have to take it. Prior to EFAST, you wouldn't have resubmitted the paper form, would you?

Thanks for the input. I agee with you, but I'm getting pushback from some people here. I can use your example though (came to me as a "Duh!" moment).

Thanks for the input.