E-File Magic 1099 Software – Blog

Information is good, especially when you are reminded of things you might have previously forgotten.  Although, you probably wouldn’t have forgotten that you had contributed to an IRA.  The IRS has given you a form to remind you, Form 5498, IRA Contribution Information, is just an information form for both you and the IRS.  It lets you know of all the contributions and the fair market value of your funds.

If you need to file Form 5498 with the IRS and mail recipients, try E-File Magic’s 5498 Software, it’s extremely easy to use!