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Version: 1.7.3

Overview

Form 5498-ESA is an IRS information return filed for each of the individuals for whom the filer has maintained a Coverdell education savings account (ESA).

Coverdell ESA is a trust/custodial account organized in the U.S. specifically to pay an individual’s qualified education expenses who is the designated beneficiary of the respective trust/custodial account.

Services you can avail of through TaxBandits API:​

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

Form 5498-ESA endpoints:​

You can use the following endpoints to complete the 5498-ESA 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-ESA 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-ESA.
  • Transmit - To transmit the 5498-ESA to the IRS.
  • Status - To check the status of the 5498-ESA after transmission. (As an alternative, you can configure Webhooks for E-file Status Change)

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

Other 5498-ESA Endpoints:​

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

  • ValidateForm - To validate the field-level specifications of form 5498-ESA before creating the form. (Optional)
  • List - To list all Form 5498-ESA for a submission or Payer.
  • Get - To retrieve the recipient data, business data and form data from the 5498-ESA created.
  • Delete - To delete the 5498-ESA return you prepared in TaxBandits.

5498-ESA PDF Retrieval​

You can obtain the PDF version of your 5498-ESA 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.
  • RequestPdfURL - To retrieve PDFs for single or multiple recipients.
  • GetPDF - To get the link for Form 5498-ESA 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 5498-ESA Form PDFs, you can use either RequestPdfURL or GetPDF and not both.