MAS Posted April 15, 2020 Posted April 15, 2020 Has anyone heard of an automatic extension of 5500s for deadlines falling between Apirl 1 - July 15, 2020? This article from ASPPA states that there is https://www.asppa.org/news/browse-topics/irs-5500-extension-comes-short , but when our office called the IRS for guidance, they denied any knowledge of such automatic extension.
Lois Baker Posted April 15, 2020 Posted April 15, 2020 IRS Notice 2020-23: "For an Affected Taxpayer with respect to Specified Filing and Payment Obligations, the due date for filing Specified Forms and making Specified Payments is automatically postponed to July 15, 2020.... This relief is automatic ... The Secretary of the Treasury has also determined that any person performing a time-sensitive action listed in ... Revenue Procedure 2018-58 ... which is due to be performed on or after April 1, 2020, and before July 15, 2020 (Specified Time-Sensitive Action), is an Affected Taxpayer." Rev. Proc. 2018-58 -- See page 57 Luke Bailey and Bill Presson 2
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now