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January 2016 Published Since 1984ALSO IN THIS ISSUE Final Review 2015 Form 5498, Page 2 Missed Rods It's That Time of Year, Page 4 IRS Revises Rollover Chart, Page 7 IRS Rollover Chart Provides Guidance,
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Final review form 5498 is a tax form used to report contributions made to an individual retirement account (IRA) or other tax-advantaged retirement accounts.
Financial institutions and trustees that manage IRAs or other tax-advantaged retirement accounts are required to file final review form 5498.
Final review form 5498 can be filled out by entering the necessary information about the account holder, the account itself, and the contributions made to the account.
The purpose of final review form 5498 is to report contributions to tax-advantaged retirement accounts to the IRS.
Information such as the account holder's name, account number, contributions made to the account, and the fair market value of the account must be reported on final review form 5498.
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