What Are 5498 Forms?

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:

When Are 5498 Forms Issued?

IRS 5498 form series are issued every year.

Are 5498 Forms Sent to the IRS?

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).



IRS Form 5498 "Ira Contribution Information", 2021

Rate (4.6 / 5) 187 votes
Size: 510 KB
6 pages

File this form if you represent a financial institution acting as a trustee or issuer of an individual retirement arrangement (IRA). The form is filed for each person with the IRAs during the calendar year.

IRS Form 5498-SA "Hsa, Archer Msa, or Medicare Advantage Msa Information", 2022

Rate (4.4 / 5) 114 votes
Size: 491 KB
6 pages

File this form if you are a trustee or custodian of a Health Savings Account (HSA), Medicare Advantage MSA (MA MSA), or Archer Medical Savings Account (Archer MSA). You are required to fill out a separate form for every plan and for every person having one of these savings accounts.

IRS Form 5498-QA "Able Account Contribution Information", 2020

Rate (4.6 / 5) 93 votes
Size: 81 KB
5 pages

Download this form if you are an issuer of the savings account called Achieving a Better Life Experience (ABLE). This form is used to report the rollover contributions and program-to-program transfers, as well as other types of contributions made to an ABLE account.

IRS Form 5498-ESA "Coverdell Esa Contribution Information", 2022

Rate (4.5 / 5) 101 votes
Size: 73 KB
5 pages

This form is filed by the trustees or issuers of a Coverdell education savings account (ESA) for all clients having an ESA. The form allows to report the contributions to a Coverdell ESA, and the account's fair market value (FMV) for every calendar year.

Instructions for IRS Form 5498-ESA "Coverdell Esa Contribution Information", 2022

Rate (4.5 / 5) 166 votes
Size: 126 KB
2 pages