What is Form 5498-ESA?
File Form 5498-ESA, Coverdell Education Savings Accounts (ESA) Contribution Information, with the IRS for each person that maintained any Coverdell Education Savings Account (ESA) during the year.
A Coverdell ESA is a trust or custodial account created or organized exclusively to pay the qualified education expenses of an individual who is the designated beneficiary of the trust or custodial account. The individual referred to as the “designated beneficiary” is the person on whose behalf the ESA is set.
Generally, if a total distribution was made from an account with no contributions (including rollovers) for that year, then you do not need to file Form 5498-ESA. To learn more about Form 5498-ESA, visit irs.gov.
Are you ready to report your 5498-ESA Form? Get started with TaxBandits & file in a matter of minutes! Start E-Filing Now!
Deadline to File Form 5498-ESA for 2019
Due to COVID-19 Form 5498 filing and furnishing the forms Deadline postponed to August 31, 2020
Information Required to E-File Form 5498-ESA Online
- Trustees or Issuers’ Details: Name, TIN, Address, and Contact Information
- Beneficiary’s Details: Name, TIN, Address, and Contact Information
- Coverdell ESA Contribution Information
- Rollover Contribution Information
Are you ready to file your 5498-ESA Form? Get started with your free TaxBandits account!
How To Electronically File Form 5498-ESA Online?
- Create a FREE account with TaxBandits
- Select “Form 5498-ESA”
- Enter Trustee’s or Issuer’s Details (Name, TIN, Address)
- Enter Beneficiary Details (Name, TIN, Address)
- Enter Coverdell ESA contributions Information
- Enter Rollover contributions Information
- Review, Pay & Transmit Form 5498-ESA directly to the IRS.
While filing your Form 5498-ESA return with TaxBandits, you also have the option of postal mailing copies to beneficiaries. Simply select the “Postal Mail” option and we will take care of the rest!
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