The IRS has postponed, until Jan. 15, 2021, the due date for reporting and paying the excise taxes on minimum required contributions to a single employer defined benefit plan. The tax is imposed on employers that maintain such plans as follows: 10% of the aggregate “minimum required contributions” remaining unpaid as of the end of any plan year ending with or within a tax year. The announcement overrides the due date on Form 5330 instructions for reporting and paying the excise taxes with respect to a minimum required contribution to which a provision of the CARES Act applies. The postponement doesn’t apply to the due dates for other excise taxes required to be reported on Form 5330. Contact Cg for more information. © 2020