Skip to main content
Version: 1.7.3

Overview

Form 5498 is an IRS information return filed to report the total contributions made to an Individual Retirement Account (IRA) annually. Generally, this form is filed for each individual for whom the filer has maintained an IRA, including a deemed IRA under section 408(q).

Services you can avail of through TaxBandits API:​

  • Federal Filing - E-file Form 5498 the IRS.
  • Postal Mailing - Distribute the recipient copy of Form 5498 via Postal Mail.
  • Online Access - Make the digital copies of Form 5498 available online for the corresponding recipients.

Form 5498 endpoints:​

You can use the following endpoints to complete the Form 5498 filing.

note

In order to use the following endpoints, you must call the Auth method to get the access token. This access token must be supplied in the request header as the ‘Bearer‘ token. Refer to OAuth 2.0 Authentication for more information on JWT authentication.

  • Create - To create Form 5498 for the recipients under the corresponding payer. While creating the Form, you can opt for state filing, postal mail, and online access if required.
  • Update - To make changes to an existing Form 5498.
  • Transmit - To transmit the Form 5498 to the IRS.
  • Status - To check the status of the Form 5498 after transmission. (As an alternative, you can configure Webhooks for E-file Status Change)

If you need to retrieve Form PDFs, you can use one of the endpoints mentioned here.

Other Form 5498 Endpoints:​

You can use any of the following endpoints based on your needs.

  • ValidateForm - To validate the field-level specifications of form 5498 before creating the form. (Optional)
  • List - To list all Form 5498 for a submission or Payer.
  • Get - To retrieve the recipient data, business data and Form data from the Form 5498 created.
  • GetbyRecordIds - To retrieve the recipient data, business data, and form data using the recordids (without submissionid).
  • Delete - To delete the Form 5498 return you prepared in TaxBandits.

Form 5498 PDF Retrieval​

You can obtain the PDF version of your 5498 forms using one of the following endpoints:

  • RequestDraftPdfUrl - To return the Draft PDF for review purposes. These forms are not transmitted and will have a watermark "For Review only" on it.
  • RequestPdfURLs - To retrieve PDFs for single or multiple recipients.
  • GetPDF - To get the link for Form 5498 PDF. To use this, you must have configured Webhook for it, so that the endpoint will return the PDFs via Webhook.

Note: To retrieve the final version of Form 5498 Form PDFs, you can use either RequestPdfURL or GetPDF and not both.

To learn how to retrieve a Form 5498 PDF, click here