Oregon taxpayers who were affected by wildfires beginning September 7 may take advantage of tax deadline relief under IRS guidance released last week. The extension includes Form 5500 filing deadlines for employer-sponsored employee benefit plans. The following Oregon counties are currently included in the disaster relief area: Clackamas, Douglas, Jackson, Klamath, Lane, Lincoln, Linn and Marion. Affected businesses with upcoming deadlines for filing 5500s (and certain tax filings) that fell between September 7, 2020 and January 15, 2021 now have until January 15, 2021 under the special extension. (If additional counties are added to the listing, they will be updated on the IRS disaster relief website.) Employers who believe they may be affected by this disaster relief should consult with their tax advisors.
If you have been affected by the Oregon wildfires and are unable to file your employee health and welfare benefits Forms 5500 (with original or extended 5500 deadlines falling between the above dates) and wish to use the special extension, please reach out to your Hays Companies service team. They will provide assistance to you to ensure your Form 5500 is correctly prepared to avoid late filing penalties.
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