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1, 2024. The IRS has updated the information on its website to indicate that beginning Jan. 1, 2024, Form 5558, Application for Extension of Time to File Certain Employee Plan Returns and its instructions, can be filed electronically or on paper.
The IRS, too, provides that information. On Nov. 8, 2023, it updated the information on its website to indicate that beginning Jan. 1, 2024, Form 5558 can be filed electronically through the DOLs EFAST2 system or on a paper Form 5558 with the IRS.
What is Form 5558? Form 5558 is the form used to apply for an extension for the filing of the plans Form 5500 and all related schedules.
File Form 5558 with the Department of the Treasury, Internal Revenue Service Center, Ogden, UT 84201-0045. Private delivery services. You can use certain private delivery services designated by the IRS to meet the timely mailing treated as timely filing/paying rule for tax returns and payments.
The Form 5500 is filed by the end of the seventh month after the end of the plan year (generally by the end of July for calendar year plans, though a 2-month extension is available). Thus, filing of the 2023 forms generally will not begin until July 2024.
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Plan sponsors and administrators can use Form 5558, Application for Extension of Time To File Certain Employee Plan ReturnsPDF, to request a one-time extension of time to file Form 5500 series or Form 8955-SSA (up to 2 months after the normal due date of Form 5500s or Form 8955-SSA).
You can easily do this very simple tax filing yourself and save the money. There are two ways to file: by postal mail using IRS Form 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan to the IRS, or. electronically, by filing IRS Form 5500-SF.

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