Pension & Benefits News IRS seeks comments on revision of Form 5500 series
Thursday, October 8, 2020

IRS seeks comments on revision of Form 5500 series

By Pension and Benefits Editorial Staff

The IRS is seeking comments on a revision of a currently approved collection of information concerning the Form 5500 (Annual Return/Report of Employee Benefit Plan) series. The IRS is making changes that include adding a new checkbox to Form 5500, 5500-SF, and Form 5500-EZ for an initial plan retroactively adopted as permitted by SECURE Act section 201, and adding a checkbox in Form 5500-EZ Part IB for an extension of time. As to the change to Form 5500-EZ, there are three checkboxes for extension of time on Form 5500 and Form 5500-SF, but there is only one extension of time checkbox on the current Form 5500-EZ. The IRS’ proposal will mirror Part I of the Form 5500 and Form 5500-SF.

Written comments, which should be received on or before November 2, 2020, should be directed to: Kinna Brewington, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224.

Source: 85 FR 55077.

Back to Top

Interested in submitting an article?

Submit your information to us today!

Learn More