Client Alerts Key Benefit Plan Tax Reporting Deadlines for April and May


The IRS recently postponed some tax-related deadlines that impact employee benefit plans due to the COVID-19 crisis.

read more

The IRS recently postponed some tax-related deadlines that impact employee benefit plans due to the COVID-19 crisis.

Tax Reporting Deadlines
Date Deadline for:
April 1

This normally would be the deadline for the initial required minimum distribution (RMD) for participants who attained age 70½ in 2019 (applies to qualified plans where the participant is at least a 5% owner and to IRAs). But, due to the coronavirus (COVID-19) pandemic, the CARES Act has waived this RMD requirement.

April 15         


This normally would be the deadline for filing of 2019 individual income tax returns and making contributions eligible for deductibility. But, due to the COVID-19 pandemic, the IRS has postponed the deadline to July 15.

April 15

Deadline for corrective distribution of 2019 excess 402(g) deferral limit.

April 15

Normally, the deadline for single-employer defined benefit plans with a funding shortfall to make the first quarterly contribution for 2020. Due to the CARES Act, minimum required contributions are not due until January 1, 2021. However, interest will continue to accrue until the date the payment is actually made.  

May 15 Deadline for filing 2019 Form 990, “Return of Organization Exempt From Income Tax.”
May 15

Deadline for first quarter benefit statements for participant directed accounts.

Note: As of this writing, only the three deadlines noted above have been affected as a result of the COVID-19 pandemic. Check with your tax and benefits advisor for the latest information on the other compliance deadlines listed here.

Related Read: IRS Retirement Plan Adoption and Amendment Deadline Relief as a Result of the CARES Act

For more information, contact your ORBA advisor or 312.670.7444.  Visit to learn more about our Employee Benefit Plans Services. If you would like to receive Client Alerts on timely topics that may affect you and your business, Update your blog preferences.

News & Events

view all

Forward ThinkingClient Alerts

view all

Firm News


ORBA’s Stephanie Zaleski-Braatz Appointed to Illinois CPA Society’s Board of Directors
CHICAGO — ORBA, one of Chicago ’s largest independent accounting, tax and consulting firms, is pleased to announce that Stephanie Zaleski-Braatz, CPA has been named to the Illinois CPA Society's (ICPAS) Board of Directors. She will serve in this role for a three-year term through March 2027.

view all

seminars & events


ORBA will gladly provide you with hard copies of the useful guides listed below. Select which guides you would like to receive and submit the form below.

  • Tax Pocket Guide
  • Tax Planning Guide
  • Records Retention Schedule
  • Auto, Travel & Business Log

request guide

Forward Thinking
Forward Thinking