IRS Form 5498
Using the E-File Magic 5498 software you can print, mail, and e-File your 5498 forms with ease. We support all 5498 form copies, except for Copy A (the e-File transmittal takes the place of copy A), including:
- 5498 Form Copy B - For Participant
- 5498 Form Copy C - For Trustee or Issuer
You pay only for e-File Services (required), and optionally print and mail services. This makes your year end reporting requirements even simpler than ever. Just import or manually enter your data into our software program, validate, and transmit your data for processing. We do the rest and notify you of our progress every step of the way. We hope you enjoy using E-File Magic for filing your 5498 forms!
Filing your 5498 Forms is as Easy as 1-2-3
Filing Instructions
(according the the IRS)
File Form 5498, IRA Contribution Information, with the IRS by May 31, 2012, for each person for whom in 2011 you maintained any individual retirement arrangement (IRA), including a deemed IRA under section 408(q).
An IRA includes all investments under one IRA plan. It is not necessary to file a Form 5498 for each investment under one plan. For example, if a participant has three certificates of deposit (CDs) under one IRA plan, only one Form 5498 is required for all contributions and the fair market values (FMVs) of the CDs under the plan. However, if a participant has established more than one IRA plan with the same trustee, a separate Form 5498 must be filed for each plan.
5498 Software Features Include:
- Print forms to blank paper!
- No software licensing fees for using our software. You pay only for the services we provide!
- Database level encryption support: Protect your sensitive recipient information using the Department of Defense approved AES256 algorithm!
- Support for ALL 1097-BTC, 1098, 1099, 5498, 3921, 3922, and W-2G forms
- Print and Mail Services Available
- IRS Copy A and 1096 Not Required
- Requires E-Filing with Our Service Bureau
- No need to apply for TCC number using our system
- Import E-File Magic 2010 Recipients to avoid reentry!
- Multi-User support for operating in an Active Directory or workgroup environment.
- Supports filing years 2007, 2008, 2009, 2010 & 2011
- Printable forms support industry standard double windowed number 9 and 10 envelopes.
- High quality printable forms, covering all copies B, C, D, 1, and 2 where applicable
- Simplified correction process for processing IRS corrections
- Personalize printable forms using your companies logo.
- Misc. data fields allow you to customize messages, financial breakdowns, payment history information, etc to be printed on your recipient forms
- Preview your forms before you print them
- CPA Friendly: Unlimited Companies/Filers
- XP, Vista and Windows 7 Compatible
- Built-In Help System
- Built-In Form validation module to help you avoid common mistakes
- Built-In reporting for generating form totals, recipient lists, and mailing labels
- Requires E-Filing services to be purchased from and provided by E-File Magic. Visit our price quote page for more information.
- Seamless client server order transmission process; transmit your order in seconds!
Supported Software Forms
- 1097-BTC
Bond Tax Credit
- 1098
Mortgage Interest Statement
- 1098-C
Contributions of Motor Vehicles, Boats, and Airplanes
- 1098-E
Student Loan Interest Statement
- 1098-T
Tuition Statement
- 1099-A
Acquisition or Abandonment of Secured Property
- 1099-B
Proceeds From Broker and Barter Exchange Transactions
- 1099-C
Cancellation of Debt
- 1099-CAP
Changes in Corporate Control and Capital Structure
- 1099-DIV
Dividends and Distributions
- 1099-G
Certain Government Payments
- 1099-H
Health Coverage Tax Credit (HCTC) Advance Payments
- 1099-INT
Interest Income
- 1099-K
Merchant Card and Third Party Network Payments
- 1099-LTC
Long-Term Care and Accelerated Death Benefits
- 1099-MISC
Miscellaneous Income
- 1099-PATR
Taxable Distributions Received From Cooperatives
- 1099-Q
Payments From Qualified Education Programs
- 1099-R
Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
- 1099-S
Proceeds From Real Estate Transactions
- 1099-SA
Distributions From an HSA, Archer MSA, or Medicare Advantage MSA
- 3921
Exercise of an Incentive Stock Option
- 3922
Transfer of Stock Acquired Through an Employee Stock Purchase Plan
- 5498
IRA Contribution
- 5498-ESA
Coverdell ESA Contribution Information
- 5498-SA
HSA, Archer MSA, or Medicare Advantage MSA Information
- W-2G
Certain Gambling Winnings
Bond Tax Credit
Mortgage Interest Statement
Contributions of Motor Vehicles, Boats, and Airplanes
Student Loan Interest Statement
Tuition Statement
Acquisition or Abandonment of Secured Property
Proceeds From Broker and Barter Exchange Transactions
Cancellation of Debt
Changes in Corporate Control and Capital Structure
Dividends and Distributions
Certain Government Payments
Health Coverage Tax Credit (HCTC) Advance Payments
Interest Income
Merchant Card and Third Party Network Payments
Long-Term Care and Accelerated Death Benefits
Miscellaneous Income
Taxable Distributions Received From Cooperatives
Payments From Qualified Education Programs
Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
Proceeds From Real Estate Transactions
Distributions From an HSA, Archer MSA, or Medicare Advantage MSA
Exercise of an Incentive Stock Option
Transfer of Stock Acquired Through an Employee Stock Purchase Plan
IRA Contribution
Coverdell ESA Contribution Information
HSA, Archer MSA, or Medicare Advantage MSA Information
Certain Gambling Winnings