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For you and your family
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Forms and Instructions

Individual Tax Return
Instructions for Form 1040
Request for Taxpayer Identification Number (TIN) and Certification
Request for Transcript of Tax Return

 

Employee's Withholding Allowance Certificate
Employer's Quarterly Federal Tax Return
Employers engaged in a trade or business who pay compensation
Installment Agreement Request

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.

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