Form 8955-SSA replaced the Schedule SSA attached to the Form 5500. The deadline for the first filing of the new form recently passed. Based on the new questions and answers, it appears that people are having trouble obtaining the data to complete the Form 8955-SSA. Here is an abbreviated version of the latest Q&A:
What should I do if I missed the filing deadline? Answer - submit your form as soon as possible.
Am I required to remit payment for penalties? Answer - no, we will contact you if a penalty is assessed.
Is there a delinquent filer program for late filers? Answer - not at this time.
Let's hope the IRS will be very lenient.
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