Missing 5558

We have a client that did not keep a copy of their filed 5558. They filed their 5500, checking the extension box, but did not provide a copy of the 5558. Now they have received the standard letter requesting a copy of the 5558 within the next 30 days.

Any suggestions on how to respond? The client wants to be truthful in telling DOL that they filed it and did not keep a copy.

Did they extend their corporate tax return? If so, would the filing still be timely using the corporate extension? If so, provide that.

If not, respond truthfully and hope for the best. I would imagine the DOL keeps extension copies that are filed.

Just a bit off topic, but I've always wondered what is the purpose of an "automatic" extension (when no tax is due), other than creating additional paperwork.

Blinky, one problem with your thought. The 5558s are sent to the IRS. Do you think they communicate this information?

What do I know? I just sign the 5558's, not mail them.

I'm sure someone can correct me if this is out of date.

Blinky is correct that the corporate extension can be used. However, the extension of the corporate income tax return is to September 15 (CY plans) but the Form 5558 extension is to October 15, so be careful.

Was the form prepared electronically? If so, can they supply the DOL with a duplicate unsigned copy -- with a note indicating that the original filed with the service was signed -- and that they didn't keep a signed copy? Did they get a return receipt for the extension -- or any other documentation regarding the postage -- that they can supply?

Has anyone inquired with the IRS, in Ogden, UT (where the 5558 would have been sent), to see if it is possible to be furnished with a copy of what could have been filed that year?

Just create one with an old date.

(he says with a sly grin)