Form 5498 is due by May 31, 2024.

E-File Form 5498 Online for the 2023
Tax Year.

E-file your 5498 Form in minutes for current and previous tax years with TaxBandits.

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Why E-file with TaxBandits?

  • Easy, secure, and accurate filing
  • Automatic Generation of Form 1096
  • Built-in error check system for accurate returns
  • Multi-user access to manage filing
  • Seamless support via live chat, phone and email

E-filing starts at $0.80/form

How to E-file Form 5498 with TaxBandits

Select “Form 5498”

Select Form 5498, choose the appropriate tax year, and proceed. With TaxBandits, you can file Form 5498 for current and previous tax years.

Enter Form Information

Enter the required 5498 Form information about the Trustee or Issuers and Participants.

Enter IRA Contribution information

Enter the IRA Contribution Information in the 5498 Form

Review Form Information

Review the information entered on Form 5498 and make necessary changes if needed.

Pay & Transmit Form 5498 directly to the IRS.

After reviewing the form, proceed to make the payment and then transmit the completed Form 5498 to the IRS.

When filing your 5498 return with TaxBandits, you can choose to have participant copies mailed to them. Just select the Postal Mail option, and we will take care of the rest!

What information do I need to file Form 5498 online?

2023 IRS Form 5498

The following information is required to complete Form 5498 with the IRS:

  • 1. Trustees or Issuers’ Details: Name, TIN, Address, and Contact Information
  • 2. Participant’s Details: Name, TIN, Address, and Contact Information
  • 3. IRA contributions details
  • 4. Rollover contributions details
  • 5. Roth IRA conversion amount details
  • 6. Recharacterized contributions details
  • 7. Details about FMV of account

Follow our instructions on how to fill out Form 5498 . Begin e-filing your Form 5498 with TaxBandits today. We will provide you with IRS updates throughout the filing process!

Check out these amazing features that can make your 5498 e-filing process easier.

Deliver Recipient Copies

Deliver Recipient Copies

Choose to distribute your recipient copies using our postal mail and online access options.

Real Time Notifications

Real-Time Notifications

You will be notified about the status of your Form 5498 via email instantly.

Access to Form Copies

Access to Form Copies

Access your Form copies anytime. TaxBandits securely keeps a record of your transmitted Form copies
for 7 years.

Internal Audit Check

Internal Audit Check

TaxBandits validates your completed 5498 form against IRS business rules and ensures accurate filing.

PRO Features-Exclusive E-file Solution designed specifically for Tax Pros


Staff Management

Invite your team members to prepare and submit the 5498 filings for our clients. Assign them the task accordingly.


Client Management

Handle 5498 filings for various clients, each with unique TINs, and provide access to a secure portal for client review before submission.


Additional User Access

TaxBandits allows you to allot specific roles to unlimited users within a single account, optimizing account management and facilitating seamless collaboration.

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Frequently Asked Questions

What is Form 5498?

Form 5498 is an IRA Contribution Information Form used to report contributions, rollovers, conversions, recharacterizations, and year-end fair market value for traditional IRA, SEP (simplified employee pension) IRA, SIMPLE (savings incentive match plan for employees) IRA, Roth IRA, and Inherited IRA contracts. An IRA includes all investments under one IRA plan. Filing a Form 5498 for each investment under one plan is unnecessary.

Suppose you are a custodian, such as a bank or other financial institution. In that case, you need to file Form 5498 with the IRS and send a copy to the respective participants who contributed to an Individual Retirement Arrangement (IRA) in the preceding tax year.

If the participants have an IRA but made no contributions for the year, you don't need to file Form 5498. To learn more about Form 5498, visit

Are you ready to report your 5498 Form? Get started with TaxBandits and file in a matter of minutes!
Start E-Filing Now

When is Form 5498 E-Filing Deadline for 2023 Tax Year?

  • Due to the participant (Only for FMV & RMD) by: January 31, 2024
  • Due to the participant (Other types of IRAs) by: May 31, 2024
  • E-File Form 5498 with the IRS by: May 31, 2024

IRS requires Form 5498 to be reported on or before January 31, 2024. when you furnished a statement of the FMV of the account (boxes 15a and 15b) and RMD, if applicable. Trustees of SIMPLE IRAs also must provide a statement of the account activity by January 31, 2024. Contribution information for all other types of IRAs must be provided by May 31, 2024.

Learn more about Form 5498 Deadline for 2023 tax year.

How To Avoid Form 5498 Errors?

Incorrect information on Form 5498, IRA Contribution Information, may cause taxpayers to make IRA reporting errors on their tax returns. Common examples of incorrect information includes:

Reporting the IRA contribution for the wrong year Issuing duplicate 5498 Forms
Failing to report the contribution as a conversion from a traditional
IRA to Roth IRA
Missing or incorrect RMD information

IRA trustees, issuers, and custodians can avoid making these common errors by checking the information on Form 5498 before transmitting it to the IRS and providing a copy to the client.

How To Increase IRA Deductions?

Custodians of an IRA Plan have until June 30 to send Form 5498 to participants and the IRS. This deadline is six weeks after the income tax filing deadline of May 17. This allows you to continue making contributions to your IRA until May 17 and have them be applied to the previous tax year.

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