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IRS Provides Signature Relief for Form 8955 SSA Extension Treephys Oxfordjournals
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People also ask
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What is 8955-SSA annual registration statement?
What is Form 8955-SSA? Form 8955-SSA is the Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits. In plain English, this form alerts the IRS to all participants who have terminated employment but are still owed a vested benefit.
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Does 8955-SSA need to be signed?
If the plan administrator and the plan sponsor are the same person, that person should sign as plan administrator. Electronic signatures are not required for electronically filed Forms 8955-SSA. The name of the administrator or sponsor should be typed into the signature line.
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What is 8955-SSA annual registration statement?
What is Form 8955-SSA? Form 8955-SSA is the Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits. In plain English, this form alerts the IRS to all participants who have terminated employment but are still owed a vested benefit.
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What is schedule SSA?
Schedule SSA of Form 5500 has long been used by benefit plan administrators to report participants who are entitled to future benefits.
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What is IRS form 8955-SSA for?
In general, information on the deferred vested retirement benefit of a plan participant must be filed no later than on the Form 8955-SSA filed for the plan year following the plan year in which the participant separates from service covered by the plan.
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Can a 8955-SSA be filed electronically?
Publication 4810PDF contains information required to file Form 8955–SSA through the IRS FIRE (Filing Information Returns Electronically) system.
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What is the penalty for not filing 8955-SSA?
The two most likely to apply are as follows: Incomplete Filing Penalty: $10 per day for each participant that is required to be reported but is not included on the form (up to a maximum of $50,000 per plan year); and, Late Filing Penalty: $25 for each day the form is late (with no maximum).
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Can a 8955-SSA be filed electronically?
Publication 4810PDF contains information required to file Form 8955–SSA through the IRS FIRE (Filing Information Returns Electronically) system.
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