Instructions for IRS Form 8955-SSA Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits

IRS Form 8955-SSA Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits

This document contains official instructions for IRS Form 8955-SSA , Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8955-SSA is available for download through this link.

FAQ

Q: What is Form 8955-SSA?
A: Form 8955-SSA is an Annual Registration Statement that identifies separated participants with deferred vested benefits.

Q: Who needs to file Form 8955-SSA?
A: Plan administrators of retirement plans or certain deferred compensation plans that have separated participants with deferred vested benefits must file Form 8955-SSA.

Q: What information is required on Form 8955-SSA?
A: Form 8955-SSA requires information such as the participant's name, Social Security number, plan name, and the amount of deferred vested benefits.

Q: When is Form 8955-SSA due?
A: Form 8955-SSA generally must be filed by the last day of the seventh month after the plan year ends. However, the deadline may vary depending on the circumstances.

Q: What happens if Form 8955-SSA is not filed?
A: Failure to file Form 8955-SSA or filing it late can result in penalties and potential loss of the plan's tax qualification status.