IRS Form 5558 Application for Extension of Time to File Certain Employee Plan Returns

What Is IRS Form 5558?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on September 1, 2018. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 5558?
A: IRS Form 5558 is the Application for Extension of Time to File Certain Employee Plan Returns.

Q: What is the purpose of IRS Form 5558?
A: The purpose of IRS Form 5558 is to request an extension of time to file certain employee plan returns.

Q: Which returns can be extended using IRS Form 5558?
A: IRS Form 5558 can be used to extend the filing deadline for certain employee plan returns, such as Form 5500, Form 5500-SF, and Form 5500-EZ.

Q: How long of an extension can be obtained using IRS Form 5558?
A: With IRS Form 5558, you may request an extension of time for up to 2½ months.

Q: Who can use IRS Form 5558?
A: IRS Form 5558 can be used by plan administrators or sponsors of employee benefit plans.

Q: When should IRS Form 5558 be filed?
A: IRS Form 5558 should be filed before the regular due date of the employee plan return.

Q: Is there a fee to file IRS Form 5558?
A: No, there is no fee to file IRS Form 5558.

Q: What happens if I do not file IRS Form 5558 on time?
A: If you do not file IRS Form 5558 on time, you may be subject to penalties and late filing fees.

Q: Can I file IRS Form 5558 electronically?
A: No, IRS Form 5558 cannot be filed electronically and must be mailed to the IRS.