Why E-file with TaxBandits?
- File Multiple 5498 Forms instantly
- We Print & Mail participant copies
- Automatic Generation of Form 1096
- Interview Style Filing Process
- US-based Support
- Multi-User Access
How To E-File Form 5498-SA Online?
While filing your Form 5498-SA return with TaxBandits, you also have the option of postal mailing participant copies.
Simply select the Postal Mail option and we will take care of the rest!
What Information is Required to E-File Form 5498-SA Online?
Trustees Details: Name, TIN, Address, and Contact Information
Participant’s Details: Name, TIN, Address, and Contact Information
- Contribution Details
- Fair Market Value (of HSA, Archer MSA, MA MSA)
- Type of account
Are you ready to file your 5498-SA Form? Get started with your free TaxBandits account!
Visit https://www.taxbandits.com/form-5498-series/form-5498-sa-instructions/ to know more.
Amazing Features To Make Your 5498-SA E-filing Easy
Deliver Recipient Copies
Choose to distribute your recipient copies using our postal mail and online access options.
Real Time Notifications
You will be notified about the status of your Form 5498 via email instantly.
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
TaxBandits validates your completed form against IRS business rule and ensure accurate filing.
Success Starts with TaxBandits!
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Excellent Step by Step process and easy to go back and make edits....
Very easy navigation going forward and backwards. I usually have trouble online with confusing instructions. Yours is very easy.
Easy and reasonably priced. Great customer service!
I’m quite impressed, especially in comparison with other sites from the IRS list I reviewed as well. Well done. Thank you.
Very easy to find my way around, most help features are very good, customer service response has been exceptional for the price point.
Work flow makes sense, navigation is easy, customer service is excellent with prompt call backs and thoughtful support.
Frequently Asked Questions
What is Form 5498-SA?
IRS Tax Form 5498-SA is an informational form that reports the total contributions made towards a Health Savings Account (HSA), Archer Medical Savings Accounts (MSA), and Medical Advantage MSA (MA MSA) to the IRS. You are required to file if you are the trustee or custodian of an HSA, Archer MSA, or MA MSA with a separate form for each type of plan. You must report the receipt of a rollover from one Archer MSA to another Archer MSA, and receipt of a rollover from an Archer MSA or an HSA to an HSA.
Note: Do not report a trustee-to-trustee transfer from one Archer MSA or MA MSA to another Archer MSA or MA MSA, one Archer MSA to an HSA, or from one HSA to another HSA. For reporting purposes, contributions and rollovers do not include these types of transfers. You are not required to file Form 5498-SA if a total distribution was made from an HSA or Archer MSA during the year and no contributions were made for that year. To learn more about Form 5498-SA, visit irs.gov.
Are you ready to report your 5498-SA Form? Get started with TaxBandits.
Start E-Filing Now
When is Form 5498-SA E-Filing Deadline for 2022 Tax Year?
The Form 5498-SA due to the participant (Other types of IRAs) is by May 31, 2023.
The deadline for E-filing Form 5498-SA with the IRS is May 31, 2023.
What are the changes to the IRS Reporting after the Death of the Account Holder?
In the year an HSA, Archer MSA, or MA MSA owner dies, generally you must file a Form 5498-SA and furnish a statement for the decedent. If the designated beneficiary is the surviving spouse, the following will apply.
- The spouse becomes the account holder of the HSA or Archer MSA.
- An MA MSA is treated as an Archer MSA of the spouse for distribution purposes, but no new contributions may be made to the account.
If the designated beneficiary is not the spouse or there is no designated beneficiary, the account ceases to be an HSA, Archer MSA, or MA MSA.
Helpful Resource for Form 5498 SA