Below, you'll find answers to frequently asked questions about filing 5558 Extensions in the Benefit Plan module of Lacerte:
To generate a Form 5558 for Benefit Plan filers:
- Go to Screen 5, Extension (5558)
- 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.
- 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.