The IRS 5498 Forms is a set of four documents issued by the Internal Revenue Service (IRS). They are used for reporting the annual amounts contributed to various savings accounts for the tax year. They are also used for reporting the fair market value of these accounts as of December 31 of the previous year. Here is a list of 5498 forms:
IRS 5498 form series are issued every year.
All 5498 forms must be sent to the IRS, either electronically or on paper. Copy A of these forms must be completed and filed with the IRS by June 1, 2020 for taxable income for this year. Also, trustees must furnish a copy to participants (Copy B), as well as keep a copy of the form in their records (Copy C).