April 22, 2020

2020 – 04/22 – IRS extends some (but not all) employee benefit plan deadlines





The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in response to the novel coronavirus (COVID-19) crisis. The guidance applies to specified filing obligations and other “specified actions” that would otherwise be due on or after April 1, 2020, and before July 15, 2020. It extends the due date for specified actions to July 15, 2020. These include any “specified time-sensitive action” listed in Revenue Procedure 2018-58. Regarding employee benefits, the guidance addresses Form 5500 filings, retirement plan corrections and Health Savings Account rollovers. Contact us for more information.

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