ESOP Guy Posted October 9, 2023 Posted October 9, 2023 Anyone else have clients getting extension letters from the IRS saying their 12/31/2022 PYE are 6/30/2023 PYE and their 5500 is extended to April? We have seen a few.
Lou S. Posted October 9, 2023 Posted October 9, 2023 Not this year, but I've seen similar in past years. But it is usually with non-calendar year getting an extension only to the calendar year extended date. For example I often had a problem with 1/31 year end getting a reply from IRS saying that the extended due date was 10/15 instead of 11/15. But I haven't seen your example where the IRS grans and extra 6 months. Luke Bailey 1
CuseFan Posted October 9, 2023 Posted October 9, 2023 I bet you all can't wait until the government shutdown! Bill Presson and Luke Bailey 1 1 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
msmith Posted October 10, 2023 Posted October 10, 2023 We have had several this year, for the 12/31/2022 Plan Year. Luke Bailey and Bill Presson 2
ESOP Guy Posted October 12, 2023 Author Posted October 12, 2023 I just got a call from a 2/28/2023 PYE client. They got a letter from the IRS saying they approved the extension to 10/15/2023 for the 12/31/2022 PYE. I double check we filed the correct extension done right. There seems to be a bit of an issue going on here. RatherBeGolfing and Bill Presson 2
CuseFan Posted October 16, 2023 Posted October 16, 2023 Maybe the IRS's AI is too much A and not enough I. ESOP Guy, Bill Presson and RatherBeGolfing 1 2 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
msmith Posted October 16, 2023 Posted October 16, 2023 Client just forwarded IRS letter, for Calendar Year 2022 plan, that was filed in May 2023 (before July 31 due date). The letter stated that the Extension was denied due to an untimely filing.
Belgarath Posted October 17, 2023 Posted October 17, 2023 Is this confined to one or two districts, or is it a nationwide mess?
ESOP Guy Posted October 17, 2023 Author Posted October 17, 2023 5 hours ago, Belgarath said: Is this confined to one or two districts, or is it a nationwide mess? I haven't seen a pattern yet but I have to admit haven't looked for this pattern also.
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