Create
POST Form5498/Create
Request Body
Field | Type | Description |
---|---|---|
SubmissionManifest | object | SubmissionManifest provides brief information about a particular submission on the whole. It contains information like
|
SubmissionId | Guid | Unique identifier created by TaxBandits for each submission. Not required when you are creating a return. |
TaxYear | string | Tax year of Form 5498 to be filed. Allowed values: "2023","2024" |
IsFederalFiling | Boolean | Federal Filing for the return will be enabled when the value is True. Form 5498 will be sent directly to the IRS. |
IsPostal | Boolean | If this value is set as true, the Postal Mailing service will be opted for all the recipients included in the submission. Once the returns are transmitted, the Form 5498 form copies will be mailed to the recipient's address via USPS. Note: Postal Orders for Foreign Address will not be created. |
IsOnlineAccess | Boolean | If this value is set as true, the Online Access service will be enabled for all the recipients included in the submission. Once the returns are transmitted, an email with a link to the secure TaxBandits portal will be sent to the recipients. The recipients can then provide consent and download Form 5498 copies from the portal. |
IsScheduleFiling | Boolean | When true, schedule filing services will be provided for Form 5498 returns under this submission. |
ScheduleFiling | object | Contains preferred date to submit the returns to IRS. It is required only when "IsScheduleFiling" is set as True. |
ReturnHeader | object | Contains information about the Business details. |
Business | object | Object to identify the Business Details. |
BusinessId | Guid | Optional Use the unique Business Id (Generated by TaxBandits) you received in response to the Business CREATE Endpoint. By giving the Business Id, you do not have to provide all the business information again. If you do not have a Business Id, ignore the field. |
BusinessNm | string | Name of the business Size Range: ..75 |
FirstNm | string | First Name of the Individual Size Range: ..20 |
MiddleNm | string | Middle Name of the Individual Size Range: ..20 |
LastNm | string | Last Name of the Individual Size Range: ..20 |
Suffix | string | Suffix of the IndividualAllowed values"Jr", "Sr", "I", "II", "III", "IV", "V", "VI", "VII" |
TradeNm | string | Optional Name under which the business operates. Size Range: ..75 |
IsEIN | Boolean | When true, identifies the business with an EIN. |
EINorSSN | string | When IsEIN is true, use Employer Identification Number (EIN). When IsEIN is false, use Social Security Number (SSN). Size Range: 9-11 |
string | Optional Email address of the Business. Size Range: ..100 | |
ContactNm | string | Optional Name of the person who can be contacted by the IRS. Size Range: ..27 |
Phone | string | Optional Phone number of the business. Size Range: 10 |
PhoneExtn | string | Optional Extension of the business phone number. Size Range: ..5 |
Fax | string | Optional Fax number of the Business. Size Range: 10 |
BusinessType | string | Optional Type of business. Optional for w-2/5498 and mandatory for 94X series. Size Range: 4 Allowed values"ESTE", "PART", "CORP", "EORG", "SPRO" |
SigningAuthority | object | Optional Details of the person who is authorized to sign the return. |
Name | string | Optional Name of the signing authority. Size Range: ..35 |
Phone | string | Optional Phone number of the signing authority. Size Range: 10 |
BusinessMemberType | string | Optional Business title of the signing authority. Size Range: 5..29 Allowed values"CORPORATESECRETARY", "SECRETARYTREASURER", "PARTNER", "GENERALPARTNER", "LIMITEDPARTNER", "LLCMEMBER", "MANAGINGMEMBER", "MANAGER", "TAXMATTERPARTNER", "PRESIDENT", "VICEPRESIDENT", "CORPORATETREASURER", "TREASURER", "ASSISTANTTREASURER", "CHIEFACCOUNTINGOFFICER", "CHIEFEXECUTIVEOFFICER", "CHIEFFINANCIALOFFICER", "TAXOFFICER", "CHIEFOPERATINGOFFICER", "CORPORATEOFFICER", "EXECUTIVEDIRECTOR", "DIRECTOR", "CHAIRMAN", "EXECUTIVEADMINISTRATOR", "RECEIVER", "PASTOR", "ASSISTANTTORELIGIOUSLEADER", "REVEREND", "PRIEST", "MINISTER", "RABBI", "LEADEROFRELIGIOUSORGANIZATION", "SECRETARY", "DIRECTOROFTAXATION", "DIRECTOROFPERSONNEL", "ADMINISTRATOR", "EXECUTOR", "TRUSTEE", "FIDUCIARY", "OWNER", "SOLEPROPRIETOR", "MEMBER", "SOLEMEMBER" |
KindOfEmployer | string | Optional Identifies the kind of employer. Mandatory for W-2 and Optional for 5498.Allowed values"FEDERALGOVT", "STATEORLOCAL501C", "NONGOVT501C", "STATEORLOCALNON501C", "NONEAPPLY" |
KindOfPayer | string | Optional Identifies the kind of payer. This field is mandatory in W-2 and Optional in 5498.Allowed values"REGULAR941", "REGULAR944", "AGRICULTURAL943", "HOUSEHOLD", "MILITARY", "MEDICAREQUALGOVEM", "RAILROADFORMCT1" |
IsBusinessTerminated | Boolean | When true, identifies the business as terminated. |
IsForeign | Boolean | When true, identifies the business address with a foreign address. |
USAddress | object | If IsForeign is false, pass US address of the business. |
Address1 | string | Employer/Payer's US address (street or post office box of that locality) Size Range: ..46 |
Address2 | string | Optional Employer/Payer's suite or apartment Size Range: ..46 |
City | string | Employer/Payer's city Size Range: ..50 |
State | string | Employer/Payer's state code. Refer Static values. Size Range: 2 Allowed values"AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "DC", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY", "AS", "FM", "GU", "MH", "MP", "PW", "PR", "VI", "AA", "AE", "AP" |
ZipCd | string | Employer/Payer's zip code Size Range: 5..10 |
ForeignAddress | object | If IsForeign is true, pass foreign address of the business |
Address1 | string | Employer/Payer's foreign address (street address or post office box of that locality) Size Range: ..50 |
Address2 | string | Optional Employer/Payer's suite or apartment Size Range: ..50 |
City | string | Employer/Payer's city Size Range: ..50 |
ProvinceOrStateNm | string | Employer/Payer's province or state name Size Range: ..50 |
Country | string | Employer/Payer's country Size Range: 2 Allowed values"AF", "AX", "AL", "AG", "AQ", "AN", "AO", "AV", "AY", "AC", "AR", "AM", "AA", "AT", "AS", "AU", "AJ", "BF", "BA", "FQ", "BG", "BB", "BO", "BE", "BH", "BN", "BD", "BT", "BL", "BK", "BC", "BV", "BR", "IO", "VI", "BX", "BU", "UV", "BM", "BY", "CB", "CM", "CA", "CV", "CJ", "CT", "CD", "CI", "CH", "KT", "IP", "CK", "CO", "CN", "CF", "CG", "CW", "CR", "CS", "IV", "HR", "CU", "UC", "CY", "EZ", "DA", "DX", "DJ", "DO", "DR", "TT", "EC", "EG", "ES", "EK", "ER", "EN", "ET", "FK", "FO", "FM", "FJ", "FI", "FR", "FP", "FS", "GB", "GA", "GG", "GM", "GH", "GI", "GR", "GL", "GJ", "GQ", "GT", "GK", "GV", "PU", "GY", "HA", "HM", "VT", "HO", "HK", "HQ", "HU", "IC", "IN", "ID", "IR", "IZ", "EI", "IS", "IT", "JM", "JN", "JA", "DQ", "JE", "JQ", "JO", "KZ", "KE", "KQ", "KR", "KN", "KS", "KV", "KU", "KG", "LA", "LG", "LE", "LT", "LI", "LY", "LS", "LH", "LU", "MC", "MK", "MA", "MI", "MY", "MV", "ML", "MT", "IM", "RM", "MR", "MP", "MX", "MQ", "MD", "MN", "MG", "MJ", "MH", "MO", "MZ", "WA", "NR", "BQ", "NP", "NL", "NC", "NZ", "NU", "NG", "NI", "NE", "NF", "CQ", "NO", "MU", "OC", "PK", "PS", "LQ", "PM", "PP", "PF", "PA", "PE", "RP", "PC", "PL", "PO", "RQ", "QA", "RO", "RS", "RW", "TB", "RN", "WS", "SM", "TP", "SA", "SG", "RI", "SE", "SL", "SN", "NN", "LO", "SI", "BP", "SO", "SF", "SX", "OD", "SP", "PG", "CE", "SH", "SC", "ST", "SB", "VC", "SU", "NS", "SV", "WZ", "SW", "SZ", "SY", "TW", "TI", "TZ", "TH", "TO", "TL", "TN", "TD", "TS", "TU", "TX", "TK", "TV", "UG", "UP", "AE", "UK", "UY", "UZ", "NH", "VE", "VM", "VQ", "WQ", "WF", "WI", "YM", "ZA", "ZI" |
PostalCd | string | Employer/Payer's postal code Size Range: ..16 |
ReturnData | object[] | Contains information about the recipient details and Form 5498 details. |
RecordId | Guid | Unique Identifier of the Record. Mention the Form 5498 return's Record ID that you want to update. If you do not provide the Record ID, then a new record will be added to the submission. |
SequenceId | string | An unique reference ID for the submission that can be used to identify a particular record. The Sequence ID will be returned in the Response for your reference. Size Range: 50 |
IsPostal | Boolean | If this value is set as true, the Postal Mailing service will be opted for the recipient included in the record. Once the return is transmitted, the Form 5498 copy will be mailed to the recipient's address via USPS. Postal Orders for Foreign Address will not be created. Note: To enable this, you must have set the IsPostal value as True under the submission. You can set this value as False for the other records for which you don’t want this service. |
IsOnlineAccess | Boolean | If this value is set as true, the Online Access service will be enabled for the recipient included in the record. Once the return is transmitted, an email with a link to the secure TaxBandits portal will be sent to the recipient. The recipient can then provide consent and download Form 5498 copy from the portal. Note: To enable this, you must have set the IsOnlineAccess value as True under the submission. You can set this value as False for the other records for which you don’t want this service. |
Recipient | object | Object to identify the recipient details. |
RecipientId | Guid | OptionalAn unique ID generated by TaxBandits after the return is created and will be returned in the Response. You can use this id for your future reference to update. |
TINType | string | Specify the TIN type of the recipient. Note: If the recipient doesn't have a TIN, enter the TIN type as 'NA' and input 'null' in the TIN field. Allowed values"SSN", "EIN", "ITIN", "ATIN", "NA" |
TIN | string | Enter the nine-digit taxpayer identification number of the Recipient (SSN, ITIN, ATIN, or EIN). Size Range: 9-11 |
FirstPayeeNm | string | Enter the name of the recipient (preferably last name first for an Individual). If more space is required for the name, use the Second Payee Name Field. Size Range: 40 |
SecondPayeeNm | string | Optional If there are multiple recipients (for example, partners, joint owners, or spouses), use this field for those names not associated with the TIN or if not enough space was provided in the First Payee Name, continue the name in this field. Size Range: 40 |
FirstNm | string | First Name of the Individual Size Range: ..20 |
MiddleNm | string | Middle Name of the Individual Size Range: ..20 |
LastNm | string | Last Name of the Individual Size Range: ..20 |
Suffix | string | Suffix of the IndividualAllowed values"Jr", "Sr", "I", "II", "III", "IV", "V", "VI", "VII" |
USAddress | object | If IsForeign is false, pass US address of the recipient. |
Address1 | string | Recipient's US address (street address or post office box of that locality) Size Range: ..46 |
Address2 | string | Optional Recipient's suite or apartment Size Range: ..46 |
City | string | Recipient's city Size Range: ..50 |
State | string | Recipient's state code. Refer Static values. Size Range: 2 Allowed values"AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "DC", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY", "AS", "FM", "GU", "MH", "MP", "PW", "PR", "VI", "AA", "AE", "AP" |
ZipCd | string | Recipient's zip code Size Range: 5..10 |
ForeignAddress | object | If IsForeign is true, pass foreign address of the recipient |
Address1 | string | Recipient's foreign address (street address or post office box of that locality) Size Range: ..50 |
Address2 | string | Optional Recipient's suite or apartment Size Range: ..50 |
City | string | Recipient's city. Size Range: ..50 |
ProvinceOrStateNm | string | Recipient's Province or State Name. Size Range: ..50 |
Country | string | Recipient's country code. Refer Static values. Size Range: 2 Allowed values"AF", "AX", "AL", "AG", "AQ", "AN", "AO", "AV", "AY", "AC", "AR", "AM", "AA", "AT", "AS", "AU", "AJ", "BF", "BA", "FQ", "BG", "BB", "BO", "BE", "BH", "BN", "BD", "BT", "BL", "BK", "BC", "BV", "BR", "IO", "VI", "BX", "BU", "UV", "BM", "BY", "CB", "CM", "CA", "CV", "CJ", "CT", "CD", "CI", "CH", "KT", "IP", "CK", "CO", "CN", "CF", "CG", "CW", "CR", "CS", "IV", "HR", "CU", "UC", "CY", "EZ", "DA", "DX", "DJ", "DO", "DR", "TT", "EC", "EG", "ES", "EK", "ER", "EN", "ET", "FK", "FO", "FM", "FJ", "FI", "FR", "FP", "FS", "GB", "GA", "GG", "GM", "GH", "GI", "GR", "GL", "GJ", "GQ", "GT", "GK", "GV", "PU", "GY", "HA", "HM", "VT", "HO", "HK", "HQ", "HU", "IC", "IN", "ID", "IR", "IZ", "EI", "IS", "IT", "JM", "JN", "JA", "DQ", "JE", "JQ", "JO", "KZ", "KE", "KQ", "KR", "KN", "KS", "KV", "KU", "KG", "LA", "LG", "LE", "LT", "LI", "LY", "LS", "LH", "LU", "MC", "MK", "MA", "MI", "MY", "MV", "ML", "MT", "IM", "RM", "MR", "MP", "MX", "MQ", "MD", "MN", "MG", "MJ", "MH", "MO", "MZ", "WA", "NR", "BQ", "NP", "NL", "NC", "NZ", "NU", "NG", "NI", "NE", "NF", "CQ", "NO", "MU", "OC", "PK", "PS", "LQ", "PM", "PP", "PF", "PA", "PE", "RP", "PC", "PL", "PO", "RQ", "QA", "RO", "RS", "RW", "TB", "RN", "WS", "SM", "TP", "SA", "SG", "RI", "SE", "SL", "SN", "NN", "LO", "SI", "BP", "SO", "SF", "SX", "OD", "SP", "PG", "CE", "SH", "SC", "ST", "SB", "VC", "SU", "NS", "SV", "WZ", "SW", "SZ", "SY", "TW", "TI", "TZ", "TH", "TO", "TL", "TN", "TD", "TS", "TU", "TX", "TK", "TV", "UG", "UP", "AE", "UK", "UY", "UZ", "NH", "VE", "VM", "VQ", "WQ", "WF", "WI", "YM", "ZA", "ZI" |
PostalCd | string | Recipient's Postal Code Size Range: ..16 |
string | Optional Recipient's email address. Size Range: 0..100 Note : This email address cannot be the same for two different recipients under the same business. | |
Fax | string | Optional Recipient's Fax number. Size Range: 10 |
Phone | string | Optional Recipient's Phone Number. Size Range: 15 |
Form5498Data | object | Recipient's Form 5498 information. |
B1IRAContrib | number | Form 5498 Box1. Gets contributions to a traditional IRA made in a given tax year Size Range: 0-9999999999.99 |
B2RolloverContrib | number | Form 5498 Box2. Gets rollover contributions (or contributions treated as rollovers) to any IRA received during the tax year. Size Range: 0-9999999999.99 |
B3RothIRAConversionAmt | number | Form 5498 Box3. Gets the amount converted from a traditional IRA, SEP IRA,or SIMPLE IRA to a Roth IRA during the tax year. Size Range: 0-9999999999.99 |
B4RecharacterizedContrib | number | Form 5498 Box4. Gets amounts recharacterized plus earnings from one type of IRA to another. Size Range: 0-9999999999.99 |
B5FMVofAccount | Boolean | Form 5498 Box5. Gets the FMV of the account as of December 31 for the specified tax year. Size Range: 0-9999999999.99 |
B6LifeInsInB1 | number | Form 5498 Box6. Gets the amount included in 'B1IRAContrib' allocable to the cost of life insurance (For endowment contracts only). Size Range: 0-9999999999.99 |
B7FilingFor | string | Form 5498 Box7. Gets the retirement plan type.Allowed values"IRA", "SEP", "SIMPLE", "ROTH_IRA" |
B8SEPContrib | number | Form 5498 Box8. Gets employer contributions made to a SEP IRA (including salary deferrals under a SARSEP) during tax year. Size Range: 0-9999999999.99 |
B9SIMPLEContrib | number | Form 5498 Box9. Gets employer contributions, including salary deferrals, made to a SIMPLE IRA during tax year. Size Range: 0-9999999999.99 |
B10RothIRAContrib | number | Form 5498 Box10. Gets contributions made to a Roth IRA in tax year. Size Range: 0-9999999999.99 |
B11IsRMDfor2024 | Boolean | Form 5498 Box11. When true, For the year in which the IRA participant reaches age 72, even though the RMD for that year need not be made until April 1 of the following year. |
B12aRMDDate | number | Form 5498 Box12. Gets RMD date if using Form 5498 to report the additional information. format: MM/DD/YYYY |
B12bRMDAmt | number | Form 5498 Box12b. Gets RMD amount if you are using Form 5498. Size Range: 0-9999999999.99 |
B13aLateContrib | number | Form 5498 Box13a. Gets amount of any postponed contribution made during the tax year for a previous year. Size Range: 0-9999999999.99 |
B13bYear | number | Form 5498 Box13b. Gets the year for which the postponed contribution in box13a was made. Size Range: 0-9999999999.99 |
B13cCode | number | Form 5498 Box13c. Gets the reason the participant made the postponed contribution.Allowed values"FD", "PL", "EO", "PO","SC" |
B13dPostponeReason | number | Form 5498 Box13d. Gets the federally declared disaster area, public law number or executive order number under which the postponed contribution is being issued. Size Range: 0-6 |
B14aRepymt | number | Form 5498 Box14a. Gets the amount of any repayment of a qualified reservist distribution, a qualified disaster distribution, or a qualified birth or adoption distribution. Size Range: 0-9999999999.99 |
B14bCode | number | Form 5498 Box14b. Gets “QR” for the repayment of a qualified reservist distribution, “DD” for repayment of a qualified disaster distribution, or “BA” for repayment of a qualified birth or adoption distribution. |
B15aFMVofAssets | number | Form 5498 Box15a. Gets the FMV of the investments in the IRA. |
B15bCode | number | Form 5498 Box15b. Gets the code for the type(s) of investments held in the IRA for which the FMV is reported in box 15a. A maximum of two codes can be entered in box 15b.Allowed values"A", "B", "C", "D","E", "F", "G","H" with "A" to "H" maximum 2 letters" |
AccountNum | number | Gets account number of Payer having multiple accounts for a recipient for whom more than one Form 5498 is filed. Size Range: 4..20 |
Request JSON
- Sample 1
- Sample 2
- Sample 3
Create a Form 5498 return with both Business and Recipient TIN as EIN
{
"SubmissionManifest": {
"TaxYear": "2024",
"IsFederalFiling": true,
"IsPostal": true,
"IsOnlineAccess": true,
"IsScheduleFiling": true,
"ScheduleFiling": {
"EfileDate": "12/25/2024"
}
},
"ReturnHeader": {
"Business": {
"BusinessId": null,
"BusinessNm": "Snowdaze LLC",
"FirstNm": null,
"MiddleNm": null,
"LastNm": null,
"Suffix": null,
"PayerRef": "Snow123",
"TradeNm": "Iceberg Icecreams",
"IsEIN": true,
"EINorSSN": "65-7369245",
"Email": "james@sample.com",
"ContactNm": null,
"Phone": "1234567890",
"PhoneExtn": "12345",
"Fax": "1234567890",
"BusinessType": "ESTE",
"SigningAuthority": null,
"KindOfEmployer": "FederalGovt",
"KindOfPayer": "REGULAR941",
"IsBusinessTerminated": false,
"IsForeign": false,
"USAddress": {
"Address1": "3576 AIRPORT WAY",
"Address2": "UNIT 9",
"City": "FAIRBANKS",
"State": "AK",
"ZipCd": "99709"
},
"ForeignAddress": null
}
},
"ReturnData": [
{
"SequenceId": "1",
"IsPostal": true,
"IsOnlineAccess": true,
"Recipient": {
"RecipientId": null,
"TINType": "EIN",
"TIN": "39-3817572",
"FirstPayeeNm": "Dairy Delights LLC",
"SecondPayeeNm": null,
"FirstNm": null,
"MiddleNm": null,
"LastNm": null,
"Suffix": null,
"IsForeign": true,
"USAddress": null,
"ForeignAddress": {
"Address1": "120 Bremner Blvd",
"Address2": "Suite 800",
"City": "Toronto",
"ProvinceOrStateNm": "Ontario",
"Country": "CA",
"PostalCd": "4168682600"
},
"Email": "shawn@sample.com",
"Fax": "6634567890",
"Phone": "9634567890"
},
"Form5498Data": {
"B1IRAContrib": 4990.00,
"B2RolloverContrib": 350.00,
"B3RothIRAConversionAmt": 4000.00,
"B4RecharacterizedContrib": 500.00,
"B5FMVofAccount": 950.00,
"B6LifeInsInB1": 750.00,
"B7FilingFor": "IRA",
"B8SEPContrib": 5000.00,
"B9SIMPLEContrib": 650.00,
"B10RothIRAContrib": 480.00,
"B11IsRMDfor2024": false,
"B12aRMDDate": "11/12/2023",
"B12bRMDAmt": 650.00,
"B13aLateContrib": 850.00,
"B13bYear": "2023",
"B13cCode": "FD",
"B13dPostponeReason": "B675OP",
"B14aRepymt": 150.0,
"B14bCode": "QR",
"B15aFMVofAssets": 980.00,
"B15bCode": "bh",
"AccountNum": "654987"
}
}
]
}
Create a Form 5498 return with both Business and Recipient TIN as SSN
{
"SubmissionManifest": {
"TaxYear": "2023",
"IsFederalFiling": true,
"IsPostal": true,
"IsOnlineAccess": true,
"IsScheduleFiling": true,
"ScheduleFiling": {
"EfileDate": "12/25/2024"
}
},
"ReturnHeader": {
"Business": {
"BusinessId": null,
"BusinessNm": null,
"FirstNm": "James",
"MiddleNm": null,
"LastNm": "Smith",
"Suffix": null,
"PayerRef": "Snow123",
"TradeNm": "Iceberg Icecreams",
"IsEIN": false,
"EINorSSN": "757-36-9245",
"Email": "james@sample.com",
"ContactNm": null,
"Phone": "1234567890",
"PhoneExtn": "12345",
"Fax": "1234567890",
"BusinessType": "ESTE",
"SigningAuthority": null,
"KindOfEmployer": "FederalGovt",
"KindOfPayer": "REGULAR941",
"IsBusinessTerminated": false,
"IsForeign": false,
"USAddress": {
"Address1": "3576 AIRPORT WAY",
"Address2": "UNIT 9",
"City": "FAIRBANKS",
"State": "AK",
"ZipCd": "99709"
},
"ForeignAddress": null
}
},
"ReturnData": [
{
"SequenceId": "1",
"IsPostal": true,
"IsOnlineAccess": true,
"Recipient": {
"RecipientId": null,
"TINType": "SSN",
"TIN": "593-81-7572",
"FirstPayeeNm": null,
"SecondPayeeNm": null,
"FirstNm": "Shawn",
"MiddleNm": null,
"LastNm": "Williams",
"Suffix": null,
"IsForeign": true,
"USAddress": null,
"ForeignAddress": {
"Address1": "120 Bremner Blvd",
"Address2": "Suite 800",
"City": "Toronto",
"ProvinceOrStateNm": "Ontario",
"Country": "CA",
"PostalCd": "4168682600"
},
"Email": "shawn@sample.com",
"Fax": "6634567890",
"Phone": "9634567890"
},
"Form5498Data": {
"B1IRAContrib": 4990.00,
"B2RolloverContrib": 350.00,
"B3RothIRAConversionAmt": 4000.00,
"B4RecharacterizedContrib": 500.00,
"B5FMVofAccount": 950.00,
"B6LifeInsInB1": 750.00,
"B7FilingFor": "IRA",
"B8SEPContrib": 5000.00,
"B9SIMPLEContrib": 650.00,
"B10RothIRAContrib": 480.00,
"B11IsRMDfor2024": false,
"B12aRMDDate": "11/12/2023",
"B12bRMDAmt": 650.00,
"B13aLateContrib": 850.00,
"B13bYear": "2023",
"B13cCode": "FD",
"B13dPostponeReason": "B675OP",
"B14aRepymt": 150.0,
"B14bCode": "QR",
"B15aFMVofAssets": 980.00,
"B15bCode": "bh",
"AccountNum": "654987"
}
}
]
}
Create a Form 5498 return with BusinessId and RecipientId.
{
"SubmissionManifest": {
"SubmissionId": null,
"TaxYear": "2024",
"IsFederalFiling": true,
"IsPostal": true,
"IsOnlineAccess": true,
"IsScheduleFiling": false,
"ScheduleFiling": null
},
"ReturnHeader": {
"Business": {
"BusinessId": "519a84f4-5e56-496a-82f3-18f51fdf3d75"
}
},
"ReturnData": [
{
"SequenceId": "1",
"RecordId": null,
"IsPostal": true,
"IsOnlineAccess": true,
"Recipient": {
"RecipientId": "f36179b9-d393-453d-925a-1537827fa878"
},
"Form5498Data": {
"B1IRAContrib": 4990.00,
"B2RolloverContrib": 350.00,
"B3RothIRAConversionAmt": 4000.00,
"B4RecharacterizedContrib": 500.00,
"B5FMVofAccount": 950.00,
"B6LifeInsInB1": 750.00,
"B7FilingFor": "IRA",
"B8SEPContrib": 5000.00,
"B9SIMPLEContrib": 650.00,
"B10RothIRAContrib": 480.00,
"B11IsRMDfor2024": false,
"B12aRMDDate": "11/12/2023",
"B12bRMDAmt": 650.00,
"B13aLateContrib": 850.00,
"B13bYear": "2023",
"B13cCode": "FD",
"B13dPostponeReason": "B675OP",
"B14aRepymt": 150.0,
"B14bCode": "QR",
"B15aFMVofAssets": 980.00,
"B15bCode": "bh",
"AccountNum": "654987"
}
}
]
}
Response Body
Field | Type | Description |
---|---|---|
StatusCode | number | Returns the HTTP status codes like 200,300 etc. |
StatusName | string | Name of the status code |
StatusMessage | string | Detailed status message |
SubmissionId | Guid | Unique identifier of a submission |
BusinessId | Guid | Unique identifier of a Business. |
PayerRef | string | Unique identifier of the payer. |
Form5498Type | string | Denotes the type of 5498 Form . |
Form5498Records | object | Pulls Form 5498 records with Success and Error statuses |
SuccessRecords | object[] | It will show the detailed information about the success status of Form 5498 Records. |
SequenceId | string | An unique reference ID for the submission that can be used to identify a particular record. The Sequence ID will be returned in the Response for your reference. |
RecordId | Guid | An unique identifier generated by TaxBandits when a 5498 return is created. |
RecipientId | Guid | An unique identifier generated by TaxBandits for a Recipient when a 5498 return is created. You can use this id for your future reference to Update. |
AccountNum | string | Account number of Payer having multiple accounts for a recipient for whom more than one Form 5498 is filed. Size Range: 4..20 |
FederalReturn | object | Returns the record status and StatusTs of federal return. |
Status | string | Returns the record status. |
StatusTs | string | Returns date and time of return created. |
Info | string | Returns information about the Federal Filing service. |
Errors | object[] | Shows detailed error information. |
Postal | object | Returns the status and StatusTs of postal mailing service for Form 5498. |
Status | string | Returns the status of postal order. |
StatusTs | string | Returns the date and time of the postal order created. |
Info | string | Returns the information about Postal mailing service. |
OnlineAccess | object | Returns the Email address for whom the online access to be given and Status of online access. |
Status | string | Returns status of online access for Form 5498 return. |
string | Email address for whom the online access to be given. | |
Info | string | Information about the online access service. |
ScheduleFiling | object | Returns the date of the schedule filing. |
ErrorRecords | object[] | It will show the detailed information about the error status of Form 5498 Records. |
SequenceId | string | An unique reference ID for the submission that can be used to identify a particular record. The Sequence ID will be returned in the Response for your reference. |
RecordId | Guid | Unique identifier of a record |
Errors | object[] | Shows detailed error information |
Id | string | Returns the validation error Id |
Name | string | Name of the validation error |
Message | string | Description of the validation error |
Errors | object[] | Shows detailed error information |
Id | string | Returns the validation error Id |
Name | string | Name of the validation error |
Message | string | Description of the validation error |
Response JSON
- 200
- 300
- 400
- 401
Success Response - This is a sample response for successful API requests.
{
"StatusCode": 200,
"StatusName": "Ok",
"StatusMessage": "Successful API call",
"SubmissionId": "eff6d0dd-5a21-4eac-8440-e6b468676b39",
"BusinessId": "6c1f489f-7f6f-4853-a269-b6149ff2f4f4",
"PayerRef": "Snow123",
"Form5498Type": "5498",
"Form5498Records": {
"SuccessRecords": [
{
"SequenceId": "1",
"RecordId": "8c9fa0d7-68af-4bb9-81dc-5cb811182a0e",
"RecipientId": "eff36c38-4592-427a-8405-dfa187cde82e",
"AccountNum": "654987",
"FederalReturn": {
"Status": "CREATED",
"StatusTs": "2024-07-01 07:20:09 -04:00",
"Info": null,
"Errors": null
},
"Postal": {
"Status": "NOTCREATED",
"StatusTs": null,
"Info": "Postal Alert cannot be opted for the return, when the recipient (or) business has foreign address"
},
"OnlineAccess": {
"Status": "CREATED",
"Email": "shawn@sample.com",
"Info": null
},
"ScheduleFiling": null
}
],
"ErrorRecords": null
},
"Errors": null
}
Multi-status Response - You'll get the below response when multiple statuses are included.
{
"StatusCode": 300,
"StatusName": "MultiStatus",
"StatusMessage": "Multiple statuses are available for the request",
"SubmissionId": "69709cff-28c5-4f0c-b87e-8dee56c7272a",
"BusinessId": "6c1f489f-7f6f-4853-a269-b6149ff2f4f4",
"PayerRef": "Snow123",
"Form5498Type": "5498",
"Form5498Records": {
"SuccessRecords": [
{
"SequenceId": "1",
"RecordId": "75659ffe-927e-4866-8447-0310461620b6",
"RecipientId": "eff36c38-4592-427a-8405-dfa187cde82e",
"AccountNum": "654987",
"FederalReturn": {
"Status": "CREATED",
"StatusTs": "2024-07-01 07:33:43 -04:00",
"Info": null,
"Errors": null
},
"Postal": {
"Status": "NOTCREATED",
"StatusTs": null,
"Info": "Postal Alert cannot be opted for the return, when the recipient (or) business has foreign address"
},
"OnlineAccess": {
"Status": "CREATED",
"Email": "shawn@sample.com",
"Info": null
},
"ScheduleFiling": null
}
],
"ErrorRecords": [
{
"SequenceId": "2",
"RecordId": null,
"Errors": [
{
"Id": "RECPT-0013",
"Name": "Recipient.FirstPayeeNm[1]",
"Message": "First Payee Name is required."
}
]
}
]
},
"Errors": [
{
"Id": "F00-100155",
"Name": "Error Records",
"Message": "Some of the records are errored. Please read the Error Records for more details."
}
]
}
Bad Request Response - You'll get the below response when your API requests contain any validation errors.
{
"StatusCode": 400,
"StatusName": "BadRequest",
"StatusMessage": "Validation error has occurred",
"SubmissionId": null,
"BusinessId": "6c1f489f-7f6f-4853-a269-b6149ff2f4f4",
"PayerRef": "Snow123",
"Form5498Type": "5498",
"Form5498Records": {
"SuccessRecords": null,
"ErrorRecords": [
{
"SequenceId": "1",
"RecordId": null,
"Errors": [
{
"Id": "F35-100031",
"Name": "Form5498Data.B6LifeInsInB1",
"Message": "B6LifeInsInB1 should not be greater than B1IRAContrib"
}
]
}
]
},
"Errors": null
}
Unauthorized Response - You'll get the below response when your API requests don't contain valid authentication credentials.
{
"StatusCode": 401,
"StatusName": "Unauthorized",
"StatusMessage": "Invalid authorization credentials",
"Errors": [
{
"Id": "AUTH-100018",
"Name": "Authorization",
"Message": "JWT EXPIRED"
}
]
}