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Posted

So things are different and you no longer file Form 5558 to file extension on Form 5330.

Unclear to me that if you don't yet know the amount of lost earnings, how do you enter an amount to pay with Form 8868? Seems it does not accept zero.

Posted

“Extending the time to file does not extend the time to pay tax.”

The instruction for Form 8868 part III line 1b states: “Enter the amount of tax estimated to be due with Form 5330[.]”

Form 5330’s Part II has lines for the tax due, the amount paid with an extension or otherwise before filing the return, and the remaining tax due or overpayment.

This is not advice to anyone.

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

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