IRS/DOL Disaster Relief for Victims of California Wildfires

Yesterday, the IRS issued new guidance expanding tax deadline relief to taxpayers in California who were affected by wildfires, including an extension for filing Form 5500 for their employee benefit plans.  The following California counties are included in the disaster relief area: Butte, Los Angeles and Ventura.  Affected businesses with upcoming deadlines for filing 5500s (and certain tax filings*) that fell between November 8, 2018 and April 30, 2019, now have until April 30, 2019 under the special extension.

*The relief does not extend deadlines for W-2s, employer ACA reporting (forms 1094-C and 1095-C), and certain other information returns.

If you have been affected by the wildfires and are unable to file your 5500s (with original or extended 5500 deadlines falling between the above dates) and wish to use the special extension, please reach out to your Hays Representative or for specific instructions on how to report on Form 5500 to avoid late filing penalties.