BanditAI
File Form 5498 Online
TaxBandits offers a simple solution to prepare and file Form 5498 to report IRA Contribution Information.
The Bandit Commitment
Ensuring peace of mind for every
Form 5498 you file.
Filing a Form 5498 isn’t just about submission! It’s about getting the data right, validating it thoroughly, and owning the right outcome.
The Bandit Commitment defines how TaxBandits approaches compliance: preventing errors before filing, supporting corrections & resubmissions when needed, and standing accountable through acceptance and beyond.
Getting the right data in
Compliance starts with clean, validated data—long before your Form 5498
is transmitted.
Guided, end-to-end compliance
Federal filing, state compliance, and form distribution—handled together with complete guidance.
No-cost corrections & retransmissions
Corrections & retransmissions for your Form 5498 are included with your
filing fee.
Money-back guarantee
If a Form 5498 cannot be accepted or is a duplicate, the filing fee can be refunded.
Form 5498: Key Insights
- Form 5498 reports IRA contributions, rollovers, Roth IRA conversions, and required minimum distributions (RMDs) to the IRS.
- The trustee or issuer, which means the bank, credit union, brokerage, or financial institution that holds your Individual Retirement Account (IRA), is responsible for filing Form 5498 with the IRS.
- Form 5498 must be filed electronically by June 01, 2026.
- The deadline to distribute the participants’ copy for Fair Market Value (FMV) and Required Minimum Distribution (RMD) information is February 2, 2026.
- All other IRA details must be distributed by June 01, 2026.
Why Choose TaxBandits to E-file Form 5498?
Explore the outstanding features that make TaxBandits the ideal choice for filing the 5498 form online.
Exclusive Pro Features Designed for Tax Professionals
Enhance your tax filing process and optimize workflows with powerful, tailored tools designed for tax professionals.
Bulk Filing Made Easy
Easily manage filings for a few or thousands of clients. Import data via our bulk upload templates, accounting software integrations and API integration to file effortlessly.
Client Management
Effortlessly manage all your clients in one place. Keep track of clients and their filings, streamline your workflow with an intuitive, easy-to-use interface.
Secure, Branded Client Portal
Get a client portal that reflects your brand while ensuring top-tier security where your clients can upload documents, view forms, and stay informed about the filing progress.
Team Management
Add unlimited team members to streamline workflow and collaboration. Assign roles like preparer, approver, and transmitter based on filing responsibilities.
Flexible Payment Options
Get the benefit of volume-based pricing discounts based on the number of forms you file. The more forms you file, the more discounts you get. And, choose from BanditCash, prepaid credits, that best fit your needs.
Custom Reports
Access detailed reports to gain insights into team performance and client filings. Leverage in-depth analytics to make informed decisions and enhance productivity.
For high-volume filing, call us at (704) 684-4758 for customized pricing!
Seamless 5498 Filing at Scale, Built for Enterprises
Manage high-volume 5498 filing with customizable workflows, approval controls, and enterprise-grade support.
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Seamless data ingestion at scale
Bring in data through integrations, APIs, bulk uploads, or custom templates—designed to fit your existing systems.
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Custom requirements, fully supported
Tailor our system to accommodate complex, enterprise-specific compliance needs and operational requirements (such as SSO setup).
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Personalized branding options
Customize recipient portals and email communications to align seamlessly with your brand identity.
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Streamlined workflow management
Invite teams, assign precise roles, and delegate filing responsibilities with clear ownership and approval controls.
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Enterprise-grade security and support
Benefit from robust security controls, priority assistance, and a dedicated account manager who understands your needs.
Ready to get started with TaxBandits?
Information Required to E-file Form 5498 Online
The following information is required to complete Form 5498 with the IRS:
Trustees or Issuer’s Info:
Name, address, and TIN Information about the trustee or issuer.
Participant’s Info:
Name, address, and TIN Information.
Contribution Details
- IRA Contributions (Traditional IRA)
- Rollover Contributions
- Roth IRA Conversion Amount
- Recharacterized Contributions
- SEP Contributions
- SIMPLE IRA Contributions
- Roth IRA Contributions
Fair Market Value (FMV)
IRA Account Type
Checkboxes for IRA Type (Traditional / SEP / SIMPLE / Roth)
RMD Information:
- RMD Date (if applicable)
- RMD Amount
Click here to learn more about Form 5498 Instruction.
Have all the information ready? Start filing your 5498 forms with TaxBandits today!
How to file Form 5498 Online with TaxBandits?
TaxBandits offers an efficient solution for e-filing IRS Form 5498, a crucial form for reporting contributions to various retirement accounts.
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Step 1: Select Form 5498
Select Form 5498 from the dashboard.
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Step 2: Enter Form 5498 Information
Enter the required Form 5498 information manually in the respective fields.
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Step 3: Choose Distribution Options
You can choose to deliver recipient copies by postal mail, online access, or a combination of both.
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Step 4: Review and Transmit to the IRS
Review the 5498 form summary and transmit it to the IRS.
We'll email you updates about the status of your forms. You can also track the status directly from your dashboard.
Ready to E-file Form 5498 with the IRS?
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Frequently Asked Questions About Filing Form 5498 Online
What is Form 5498?
Form 5498 is an IRS form used to report details about individual retirement accounts (IRAs) to the Internal Revenue Service (IRS). This form details IRA contributions, required minimum distributions (RMDs), Roth IRA conversions, rollovers, and the fair market value (FMV) of IRA accounts.
Who must file Form 5498?
Form 5498 is filed by financial institutions, banks, IRA custodians, or trustees that manage any individual retirement accounts (IRAs) for account holders. This includes all types of IRAs, such as traditional IRAs, Roth IRAs, SEP IRAs,
SIMPLE IRAs, and deemed IRAs under section 408(q).
When is the deadline for filing Form 5498?
- The IRS requires Form 5498 to be filed electronically by June 01, 2026, for the 2025 tax year.
- The deadline for distributing participant copies of FMV and RMD information is February 2, 2026, while the deadline for other IRA details is June 01, 2026.
Learn more about Form 5498 Deadline
What are the common errors to avoid when filing Form 5498?
Incorrect information on Form 5498 can lead to IRA reporting errors for trustees, issuers, and IRA custodians. Some common errors include:
- Reporting the IRA contribution for the wrong tax year
- Failing to report a contribution as a conversion from a traditional IRA to a Roth IRA
- Filing duplicate 5498 forms
- Missing or incorrect minimum distribution (RMD) information
To prevent these errors, carefully review the information on Form 5498 before filing it with the IRS and providing a correct copy to the participant.
What are Individual Retirement Arrangements (IRAs)?
Individual Retirement Arrangements (IRAs) are tax-favoured personal savings accounts designed for individuals to save money for retirement. There are several types of IRAs, including traditional IRAs and Roth IRAs, each offering different tax benefits. Individuals can open an IRA through a bank, insurance company, or other financial institution that is authorized to act as an IRA custodian or trustee.
Helpful Resources for Form 5498
Form 5498 Instructions
Form 5498 Deadline
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