Get the free 5498 form

Instructions for Participant This information is submitted to the Internal Revenue Service by the trustee of your health savings account (HSA), Archer MSA, or Medicare Advantage MSA (MA MSA). Generally,

How to fill out 5498 form

How to fill out 5498 form:

1. Gather all the necessary information and documents such as your name, social security number, address, and contributions made to an individual retirement account (IRA) or similar plans.
2. Obtain a copy of the 5498 form from the Internal Revenue Service (IRS) website or other authorized sources.
3. Read the instructions provided with the form carefully to understand the requirements and reporting guidelines.
4. Fill in your personal information accurately in the appropriate sections of the form.
5. Provide the details of your contributions made to the IRA or similar plans for the tax year specified on the form.
6. Double-check all the information provided on the form for any errors or omissions.
7. Sign and date the form where indicated.
8. Keep a copy of the filled-out form for your records and submit the original to the IRS before the deadline, typically April 15th of the following year.

Who needs 5498 form:

1. Individuals who have contributed to an individual retirement account (IRA) or similar plans during the tax year.
2. Financial institutions or custodians holding IRAs or similar plans on behalf of individuals.
3. Taxpayers who want to report their contributions to the IRS and receive deductions, if eligible.
4. Anyone who needs to provide documentation of their contributions made to an IRA or similar plans for tax or retirement purposes.

For pdfFiller’s FAQs

What is 5498 form?

The 5498 form is an information return used to report contributions made to Individual Retirement Arrangements (IRAs), including traditional, Roth, SEP, and SIMPLE IRAs.

Who is required to file 5498 form?

Financial institutions, including banks, mutual funds, and brokerage firms, are required to file Form 5498 to report the contributions made to IRAs.

How to fill out 5498 form?

To fill out Form 5498, you need to provide the required information regarding the account holder, contribution amounts, and types of IRAs. This information can be obtained from the financial institution where the IRA is held.

What is the purpose of 5498 form?

The purpose of Form 5498 is to report contributions made to IRAs and provide the necessary information to the IRA account holder, as well as the IRS for tax purposes.

What information must be reported on 5498 form?

Form 5498 requires reporting of the account holder's name, address, Social Security number or taxpayer identification number, the type of IRA, contribution amounts, and rollover contributions.

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