Yes, IRS Form 5498 is one more form for you to deal with, but it doesn't make your tax life much more complicated. It's a benign, and even helpful, form. What's so great about it? Well, you don't have ...
Form 5498 documents individual retirement account (IRA) contributions, rollovers and distributions. You don’t need to fill it out or send it to the IRS — just keep it for your records. Many, or all, ...
Every year, your IRA provider reports on your IRA to the IRS. Providers do this with two tiny but powerful tax forms, IRS Forms 1099-R and 5498. A mistake on one of these forms could cost you money or ...
ROCK HILL, SC / ACCESSWIRE / June 2, 2021 / The Form 5498 Series is typically due to the IRS by May 31, however this year the IRS has extended the deadline. For tax year 2020, the Forms 5498 must be ...
I just received Form 5498 in the mail from my IRA administrator, reporting my 2014 contribution to my IRA. What do I need to do with this form, and why did I receive it now? Form 5498 reports your ...
If you have an IRA, you’ll receive Form 5498 IRS Form 5498: IRA Contribution Information is a tax form to report Individual Retirement Account(IRA) account details to the Internal Revenue Service (IRS ...
Tax forms can be confusing and a hassle, but you don't even have to file a 5498 form. Yes, IRS Form 5498 is one more form for you to deal with, but it doesn't make your tax life much more complicated.
Understanding the role of Form 5498 can help you with your tax preparation, can help keep your returns accurate, and when the time comes, it can help you take the correct required minimum ...