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For you and your family
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Forms and Instructions

Individual Tax Return
Itemized Deductions
Application for Automatic Extension of Time
Request for Taxpayer Identification Number (TIN) and Certification

 

Single and Joint Filers With No Dependents
Employer's Quarterly Federal Tax Return
Employee's Withholding Allowance Certificate
Request for Transcript of Tax Return

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

Form 5498 - Errors by IRA Trustees, Issuers and Custodians May Cause Tax Trouble

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 include:

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

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

Additional resources