Though much of the government is shut down, there are some deadlines that are not — like Form 5500 filing and other deadlines, such as plan funding. According to David Levine of the Groom Law Group, a skeleton crew of 20 IRS staffers exempted from the furlough will focus on statute protection and processing of remittances, but will probably put on hold audits, determination and private letter rulings voluntary corrections.
So it’s worth checking and reminding plan sponsor clients about the October 15 deadline just in case they assumed that the government shutdown gave them a pass.
