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Version: 1.7.3

ValidateForm

Validates the Forms in the request against IRS Business rules and field specification without creating the returns in TaxBandits.

POST Form5498/ValidateForm 
Run in Postman

Request Body

FieldTypeDescription
SubmissionManifestobjectSubmissionManifest provides brief information about a particular submission on the whole. It contains information like Submission ID, Tax Year, IsPostal, IsFederalFiling, IsStateFiling, IsOnlineAccess, IsScheduleFiling & ScheduleFiling service details.
    SubmissionIdGuidUnique identifier created by TaxBandits for each submission. Not required when you are creating a return.
    TaxYearstringTax year of Form 5498 to be filed.
Allowed values: "2023"
    IsFederalFilingBooleanFederal Filing for the return will be enabled when the value is True. Form 5498 will be sent directly to the IRS.
    IsPostalBooleanIf 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.
    IsOnlineAccessBooleanIf 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.
    IsScheduleFilingBooleanWhen true, schedule filing services will be provided for Form 5498 returns under this submission.
    ScheduleFilingobjectContains preferred date to submit the returns to IRS. It is required only when "IsScheduleFiling" is set as True.
ReturnHeaderobjectContains information about the Business details.
    BusinessobjectObject to identify the Business Details.
        BusinessIdGuidOptional 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.
        BusinessNmstringName of the business
Size Range: ..75
        PayerRefstringOptional An unique identifier for each payer completing their information. This identifier can be used in future references of the payer in the API.
Size Range: ..50
        TradeNmstringOptional Name under which the business operates.
Size Range: ..75
        IsEINBooleanWhen true, identifies the business with an EIN.
        EINorSSNstringWhen IsEIN is true, use Employer Identification Number (EIN). When IsEIN is false, use Social Security Number (SSN).
Size Range: 9-11
        EmailstringOptional Email address of the Business.
Size Range: ..100
        ContactNmstringOptional Name of the person who can be contacted by the IRS.
Size Range: ..27
        PhonestringOptional Phone number of the business.
Size Range: 10
        PhoneExtnstringOptional Extension of the business phone number.
Size Range: ..5
        FaxstringOptional Fax number of the Business.
Size Range: 10
        BusinessTypestringOptional Type of business. Optional for w-2/5498 and mandatory for 94X series.
Size Range: 4
Allowed values

"ESTE", "PART", "CORP", "EORG", "SPRO"

For the description of the Allowed Values , click here
        SigningAuthorityobjectOptional Details of the person who is authorized to sign the return.
            NamestringOptional Name of the signing authority.
Size Range: ..35
            PhonestringOptional Phone number of the signing authority.
Size Range: 10
            BusinessMemberTypestringOptional 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"

        KindOfEmployerstringOptional Identifies the kind of employer. Mandatory for W-2 and Optional for 5498.
Allowed values

"FEDERALGOVT", "STATEORLOCAL501C", "NONGOVT501C", "STATEORLOCALNON501C", "NONEAPPLY"

        KindOfPayerstringOptional 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"

        IsBusinessTerminatedBooleanWhen true, identifies the business as terminated.
        IsForeignBooleanWhen true, identifies the business address with a foreign address.
        USAddressobjectIf IsForeign is false, pass US address of the business.
            Address1stringEmployer/Payer's US address (street address or post office box of that locality).
Size Range: ..35
            Address2stringOptional Employer/Payer's suite or apartment.
Size Range: ..35
            CitystringEmployer/Payer's city.
Size Range: ..27
            StatestringEmployer/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"

            ZipCdstringEmployer/Payer's zip code
Size Range: 5..10
        ForeignAddressobjectIf IsForeign is true, pass foreign address of the business
            Address1stringEmployer/Payer's foreign address (street address or post office box of that locality).
Size Range: ..35
            Address2stringOptional Employer/Payer's suite or apartment.
Size Range: ..35
            CitystringEmployer/Payer's city.
Size Range: ..27
            ProvinceOrStateNmstringEmployer/Payer's province or state name.
Size Range: ..30
            CountrystringEmployer/Payer's country
Size Range: 2
Allowed values

"CA", "MX", "AF", "AX", "XI", "AL", "AG", "AQ", "AN", "AO", "AV", "AY", "AC", "AR", "AM", "AA", "XA", "AT", "AS", "AU", "AJ", "XZ", "BF", "BA", "FQ", "BG", "BB", "BS", "BO", "BE", "BH", "BN", "BD", "BT", "BL", "BK", "BC", "BV", "BR", "IO", "VI", "BX", "BU", "UV", "BM", "BY", "CB", "CM", "XY", "CV", "CJ", "CT", "CD", "XC", "CI", "CH", "KT", "IP", "CK", "CO", "CN", "CF", "CG", "CW", "CR", "VP", "CS", "IV", "HR", "CU", "CY", "EZ", "DA", "DX", "DJ", "DO", "DR", "TT", "EC", "EG", "ES", "UK", "EK", "ER", "EN", "ET", "EU", "FK", "FO", "FM", "FJ", "FI", "FR", "FG", "FP", "FS", "GB", "GA", "GZ", "GG", "GM", "GH", "GI", "GO", "GR", "GL", "GJ", "GP", "GQ", "GT", "GK", "GV", "PU", "GY", "HA", "HM", "HO", "HK", "HQ", "HU", "IC", "IN", "ID", "IR", "IZ", "EI", "IS", "IT", "JM", "JN", "JA", "DQ", "JE", "JQ", "JO", "JU", "KZ", "KE", "KQ", "KR", "KN", "KS", "KU", "KG", "LA", "LG", "LE", "LT", "LI", "LY", "LS", "LH", "LU", "MC", "MK", "MA", "MI", "MY", "MV", "ML", "MT", "IM", "RM", "MB", "MR", "MP", "MF", "MQ", "MD", "MN", "MG", "MJ", "MH", "MO", "MZ", "XM", "WA", "NR", "BQ", "NP", "NL", "NT", "NC", "NZ", "NU", "NG", "NI", "NE", "NF", "XN", "CQ", "NO", "MU", "OC", "PK", "LQ", "PS", "PM", "PP", "PF", "PA", "PE", "RP", "PC", "PL", "PO", "RQ", "QA", "RE", "RO", "RS", "RW", "WS", "SM", "TP", "SA", "XS", "SG", "RI", "SE", "SL", "SN", "XR", "LO", "SI", "BP", "SO", "SF", "SX", "SP", "PG", "CE", "SH", "SC", "ST", "SB", "VC", "SU", "NS", "SV", "WZ", "SW", "SZ", "SY", "TW", "TI", "TZ", "TH", "TO", "TL", "TN", "TD", "XT", "TE", "TS", "TU", "TX", "TK", "TV", "UG", "UP", "AE", "UY", "UZ", "NH", "VT", "VE", "VM", "VQ", "WQ", "XW", "WF", "WE", "WI", "YM", "YI", "ZA", "ZI"

            PostalCdstringEmployer/Payer's postal code.
ReturnDataobject[]Contains information about the recipient details and Form 5498 details.
    RecordIdGuidUnique 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.
    SequenceIdstringAn 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
    IsPostalBooleanIf 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.
    IsOnlineAccessBooleanIf 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.
    RecipientobjectObject to identify the recipient details.
        RecipientIdGuidOptionalAn 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.
        TINTypestringSpecify the TIN type of the recipient.
Allowed values

"SSN", "EIN", "ITIN", "ATIN", "NA"

        TINstringEnter the nine-digit taxpayer identification number of the Recipient (SSN, ITIN, ATIN, or EIN).
Size Range: 9-11
        FirstPayeeNmstringEnter 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
        SecondPayeeNmstringOptional 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
        IsForeignBooleanWhen true, it identifies the recipient's address with a foreign address.
        USAddressobjectIf IsForeign is false, pass US address of the recipient.
            Address1stringRecipient's US address (street address or post office box of that locality).
Size Range: ..35
            Address2stringOptional Recipient's suite or apartment.
Size Range: ..35
            CitystringRecipient's city.
Size Range: ..27
            StatestringRecipient'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"

            ZipCdstringRecipient's zip code
Size Range: 5..10
        ForeignAddressobjectIf IsForeign is true, pass foreign address of the recipient
            Address1stringRecipient's foreign address (street address or post office box of that locality)
Size Range: ..35
            Address2stringOptional Recipient's suite or apartment
Size Range: ..35
            CitystringRecipient's city.
Size Range: ..27
            ProvinceOrStateNmstringRecipient's Province or State Name.
Size Range: ..30
            CountrystringRecipient's country code. Refer Static values.
Size Range: 2
Allowed values

"CA", "MX", "AF", "AX", "XI", "AL", "AG", "AQ", "AN", "AO", "AV", "AY", "AC", "AR", "AM", "AA", "XA", "AT", "AS", "AU", "AJ", "XZ", "BF", "BA", "FQ", "BG", "BB", "BS", "BO", "BE", "BH", "BN", "BD", "BT", "BL", "BK", "BC", "BV", "BR", "IO", "VI", "BX", "BU", "UV", "BM", "BY", "CB", "CM", "XY", "CV", "CJ", "CT", "CD", "XC", "CI", "CH", "KT", "IP", "CK", "CO", "CN", "CF", "CG", "CW", "CR", "VP", "CS", "IV", "HR", "CU", "CY", "EZ", "DA", "DX", "DJ", "DO", "DR", "TT", "EC", "EG", "ES", "UK", "EK", "ER", "EN", "ET", "EU", "FK", "FO", "FM", "FJ", "FI", "FR", "FG", "FP", "FS", "GB", "GA", "GZ", "GG", "GM", "GH", "GI", "GO", "GR", "GL", "GJ", "GP", "GQ", "GT", "GK", "GV", "PU", "GY", "HA", "HM", "HO", "HK", "HQ", "HU", "IC", "IN", "ID", "IR", "IZ", "EI", "IS", "IT", "JM", "JN", "JA", "DQ", "JE", "JQ", "JO", "JU", "KZ", "KE", "KQ", "KR", "KN", "KS", "KU", "KG", "LA", "LG", "LE", "LT", "LI", "LY", "LS", "LH", "LU", "MC", "MK", "MA", "MI", "MY", "MV", "ML", "MT", "IM", "RM", "MB", "MR", "MP", "MF", "MQ", "MD", "MN", "MG", "MJ", "MH", "MO", "MZ", "XM", "WA", "NR", "BQ", "NP", "NL", "NT", "NC", "NZ", "NU", "NG", "NI", "NE", "NF", "XN", "CQ", "NO", "MU", "OC", "PK", "LQ", "PS", "PM", "PP", "PF", "PA", "PE", "RP", "PC", "PL", "PO", "RQ", "QA", "RE", "RO", "RS", "RW", "WS", "SM", "TP", "SA", "XS", "SG", "RI", "SE", "SL", "SN", "XR", "LO", "SI", "BP", "SO", "SF", "SX", "SP", "PG", "CE", "SH", "SC", "ST", "SB", "VC", "SU", "NS", "SV", "WZ", "SW", "SZ", "SY", "TW", "TI", "TZ", "TH", "TO", "TL", "TN", "TD", "XT", "TE", "TS", "TU", "TX", "TK", "TV", "UG", "UP", "AE", "UY", "UZ", "NH", "VT", "VE", "VM", "VQ", "WQ", "XW", "WF", "WE", "WI", "YM", "YI", "ZA", "ZI"

            PostalCdstringRecipient's Postal Code.
        EmailstringOptional Recipient's email address.
Size Range: 0..100
Note : This email address cannot be the same for two different recipients under the same business.
        FaxstringOptional Recipient's Fax number.
Size Range: 10
        PhonestringOptional Recipient's Phone Number.
Size Range: 15
    Form5498DataobjectRecipient's Form 5498 information.
        B1IRAContribnumberForm 5498 Box1. Gets contributions to a traditional IRA made in 2023 and through April 15, 2024, designated for 2023.
Size Range: 0-9999999999.99
        B2RolloverContribnumberForm 5498 Box2. Gets rollover contributions (or contributions treated as rollovers) to any IRA received by you during 2023.
Size Range: 0-9999999999.99
        B3RothIRAConversionAmtnumberForm 5498 Box3. Gets the amount converted from a traditional IRA, SEP IRA, or SIMPLE IRA to a Roth IRA during 2023.
Size Range: 0-9999999999.99
        B4RecharacterizedContribnumberForm 5498 Box4. Gets amounts recharacterized plus earnings from one type of IRA to another.
Size Range: 0-9999999999.99
        B5FMVofAccountBooleanForm 5498 Box5. Gets the FMV of the account on December 31, 2023.
Size Range: 0-9999999999.99
        B6LifeInsInB1numberForm 5498 Box6. Gets the amount included in 'B1IRAContrib' allocable to the cost of life insurance (For endowment contracts only).
Size Range: 0-9999999999.99
        B7FilingForstringForm 5498 Box7. Gets the retirement plan type.
Allowed values

"IRA", "SEP", "SIMPLE", "ROTH_IRA",

        B8SEPContribnumberForm 5498 Box8. Gets employer contributions made to a SEP IRA (including salary deferrals under a SARSEP) during 2023, including contributions made in 2023 for 2022, but not including contributions made in 2024 for 2023.
Size Range: 0-9999999999.99
        B9SIMPLEContribnumberForm 5498 Box9. Gets employer contributions, including salary deferrals, made to a SIMPLE IRA during 2023, including contributions made in 2023 for 2022, but not including contributions made in 2024 for 2023.
Size Range: 0-9999999999.99
        B10RothIRAContribnumberForm 5498 Box10. Gets contributions made to a Roth IRA in 2023 and through April 15, 2024, designated for 2023.
Size Range: 0-9999999999.99
        B11IsRMDfor2024BooleanForm 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.
        B12aRMDDatenumberForm 5498 Box12. Gets RMD date if using Form 5498 to report the additional information.
format: MM/DD/YYYY
        B12bRMDAmtnumberForm 5498 Box12b. Gets RMD amount if you are using Form 5498.
Size Range: 0-9999999999.99
        B13aLateContribnumberForm 5498 Box13a. Gets amount of any postponed contribution made in 2023 for a prior year.
Size Range: 0-9999999999.99
        B13bYearnumberForm 5498 Box13b. Gets the year for which the postponed contribution in box 13a was made.
Size Range: 0-9999999999.99
        B13cCodenumberForm 5498 Box13c. Gets the reason the participant made the postponed contribution.
Allowed values

"FD", "PL", "EO", "PO","SC"

        B13dPostponeReasonnumberForm 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
        B14aRepymtnumberForm 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
        B14bCodenumberForm 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.
        B15aFMVofAssetsnumberForm 5498 Box15a. Gets the FMV of the investments in the IRA.
        B15bCodenumberForm 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"

        AccountNumnumberGets 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

{
"SubmissionManifest": {
"SubmissionId": null,
"TaxYear": "2023",
"IsFederalFiling": true,
"IsPostal": true,
"IsOnlineAccess": true,
"IsScheduleFiling": false,
"ScheduleFiling": null
},
"ReturnHeader": {
"Business": {
"BusinessId": null,
"PayerRef": "AB12E",
"BusinessNm": "ABC LLC",
"TradeNm": "deploy virtual markets",
"IsEIN": true,
"EINorSSN": "80-4663137",
"Email": "sample@bodeem.com",
"ContactNm": "John",
"Phone": "998-655-4045",
"PhoneExtn": "32154",
"Fax": "858-812-5864",
"BusinessType": "ESTE",
"SigningAuthority": {
"Name": "Gamora",
"Phone": "962-777-6807",
"BusinessMemberType": "ADMINISTRATOR"
},
"KindOfEmployer": "FederalGovt",
"KindOfPayer": "REGULAR941",
"IsBusinessTerminated": false,
"IsForeign": false,
"USAddress": {
"Address1": "3521 AIRPORT WAY",
"Address2": "UNIT 9",
"City": "AK",
"State": "AK",
"ZipCd": "99709"
},
"ForeignAddress": {
"Address1": "JK RD",
"Address2": "ONTARIO",
"City": "BLOOMINGTON",
"ProvinceOrStateNm": "FAIRBANKS",
"Country": "CA",
"PostalCd": "ACD 854"
}
}
},
"ReturnData": [
{
"RecordId": null,
"SequenceId": "1",
"IsPostal": true,
"IsOnlineAccess": true,
"Recipient": {
"RecipientId": null,
"TINType": "SSN",
"TIN": "141256859",
"FirstPayeeNm": "Milo",
"SecondPayeeNm": "Schmeler",
"IsForeign": false,
"USAddress": {
"Address1": "3585 BLUE WAY",
"Address2": "UNIT 7",
"City": "FAIRBANKS",
"State": "AK",
"ZipCd": "99705"
},
"ForeignAddress": {
"Address1": "SECOT 34",
"Address2": "4TH AVENUE",
"City": "ONTARIO",
"ProvinceOrStateNm": "BIRMINGHAM",
"Country": "CA",
"PostalCd": "DAS 858"
},
"Email": "sample@bodeem.com",
"Fax": "573-861-7739",
"Phone": "457-339-0118"
},
"Form5498Data": {
"B1IRAContrib": "4990",
"B2RolloverContrib": "350",
"B3RothIRAConversionAmt": "4000",
"B4RecharacterizedContrib": "500",
"B5FMVofAccount": "950",
"B6LifeInsInB1": "750",
"B7FilingFor": "ira",
"B8SEPContrib": "5000",
"B9SIMPLEContrib": "650",
"B10RothIRAContrib": "480",
"B11IsRMDfor2024": false,
"B12aRMDDate": "11/12/2023",
"B12bRMDAmt": "650",
"B13aLateContrib": "850",
"B13bYear": "2023",
"B13cCode": "FD",
"B13dPostponeReason": "B675OP",
"B14aRepymt": "150",
"B14bCode": "QR",
"B15aFMVofAssets": "980",
"B15bCode": "bh",
"AccountNum": "654987"
}
}
]
}

Response Body

FieldTypeDescription
StatusCodenumberReturns the HTTP status codes like 200,300 etc.
StatusNamestringName of the status code
StatusMessagestringDetailed status message
ErrorRecordsobject[]It will show the detailed information about the error status of Form 5498 Records.
    SequenceIdstringAn 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.
    RecordIdGuidUnique identifier of a record
    Errorsobject[]Shows detailed error information
        IdstringReturns the validation error Id
        NamestringName of the validation error
        MessagestringDescription of the validation error
    Errorsobject[]Shows detailed error information
        IdstringReturns the validation error Id
        NamestringName of the validation error
        MessagestringDescription of the validation error

Response JSON

{
"StatusCode": 200,
"StatusName": "Ok",
"StatusMessage": "Successful API call",
"ErrorRecords": null,
"Errors": null
}