Form 5330 is used to report and pay a variety of excise taxes related to employee benefit arrangements and tax-exempt entities.
Notice 2020-35 states that the period beginning on March 30, 2020, and ending on July 15, 2020, will be disregarded for the following.
- The payment of excise taxes related to Form 5330,
- The calculation of penalty of failure to file Form 5330, and
- The calculation of interest on the penalty of failure to file Form 5330.
Interest and penalties with respect to postponed filing and payment will begin to accrue on July 16, 2020.