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Version: 1.7.3

Overview

If you have reported incorrect information on your 5498-SA Form, you can file a 5498-SA Correction to report the corrected information.

Generally, you can correct the recipient details, amounts, or other field data. Payer details cannot be corrected using API, and you need to send a letter to the IRS. To learn more about the information you can correct on 5498, click here.

You can file a correction for an already corrected return. However, in order to do so, the IRS must have accepted the previously filed correction.

To create a new correction return for a previously corrected one, you should send the RecordId of the previously corrected return in the "PrevReportedRecordId" of ReturnData.Manifest.

Note: TaxBandits API also supports 5498-SA correction even if you filed your original return elsewhere or by other means (paper filing).

Form 5498-SA Correction Endpoints:​

You can use the following endpoints to complete the 5498-SA Correction 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 a 5498-SA correction for the recipients under the corresponding payer.
  • Update - To make changes to an existing 5498-SA correction form.
  • Transmit - To transmit the 5498-SA Correction to the IRS.
  • Status - To check the status of the 5498-SA Correction 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.

Webhook Configuration for Form 5498-SA Correction Status Updates:​

TaxBandits API enables you to receive automated status updates regarding your Form 5498-SA Correction forms via webhook. You can configure webhooks for the following event types to receive Form 5498-SA Correction status updates.

  • E-file Status Change - You will be notified when the IRS accepts or rejects your Form 5498-SA Correction. Learn More
  • Postal Sent - You will be notified when the Form 5498-SA Correction forms are mailed to the recipients.
  • Online Access Status Change - You will be notified when the Form 5498-SA Correction forms are shared with recipients via online access, when recipients provide consent, and when they access the forms. Learn More

Other 5498-SA Endpoints:​

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

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

5498-SA Correction Form PDF Retrieval​

You can obtain the PDF version of your 5498-SA Correction 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 the 5498-SA Correction Form 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 Correction Form PDFs, you can use either RequestPdfURL or GetPDF and not both.