Rev. Proc. 2015-47: Waiver of electronic filing, retirement plan forms

Waiver of electronic filing, retirement plan forms

The IRS today released an advance version of Rev. Proc. 2015-47 that sets forth procedures for retirement plan administrators or employers maintaining retirement plans to request a financial “hardship” waiver of the requirements to file certain information returns electronically.

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In general, regulations under sections 6057 and 6058 require plan administrators and employers that, in certain situations, maintain a retirement plan to file electronically the registration statements of Form 8955-SSA, Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits, and Form 5500 series returns including Form 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan.

Rev. Proc. 2015-47 [PDF 98 KB] sets out the procedures for plan administrators or employers to request IRS approval for a waiver of the electronic filing requirements for Form 8955-SSA or Form 5500-EZ based on economic hardship.

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