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Generating Form 5500 extensions in Lacerte

by Intuit Updated 3 weeks ago

Below, you'll find answers to frequently asked questions about filing 5558 Extensions in the Benefit Plan module:

To generate a Form 5558 for Benefit Plan filers:

  1. Go to Screen 5, Extension (5558)
  2. Here you can check what type of extension the benefit plan needs. The available options are:
    • Generate Form 5558 for Form 5550 series
    • Generate Form 5558 for Form 8955-SSA
    • Generate Form 5558 for Form 5330
    • Automatic extension
    • Special extension Refer to the online instructions to determine which extension type is needed.>
  3. If you are filing Form 5558 for Form 5330 complete the additional entries as needed for:
    • Payment amount
    • Code section imposing the tax
    • Reversion/amendment date

Are the extensions able to be e-filed through Lacerte?

Extensions cannot be e-filed for the 5500 series forms. See the Where to File information in the 5558 instruction booklet.

Related topics:

Lacerte Tax

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