IRS Releases 2018 Form 5498

Adam Rivera
July 13, 2018

The IRS has released 2018 Form 5498. Form 5498 is used to report IRA Contribution Information to the IRS. There are only minor changes from the previous revision:

  • Form changed to say “TRUSTEE or ISSUER’S TIN” and “PARTICIPANT’S TIN”
    • Previously, it was written out as “taxpayer identification number”
  • Box 13a instructions now say “This amount is not reported in box 1 or 2.”

 To view the recently released Form 5498, please click here.

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Adam Rivera

Adam Rivera is a member of the Regulatory Analysis Team’s Direct Tax division at Sovos. His main areas of focus are Federal and State Tax Withholding and Affordable Care Act (ACA) Reporting. Prior to Sovos, Adam worked as a legislative aide in the Florida House of Representatives. He also has experience in securities law, focusing on securities litigation and researching emerging crowdfunding methods of raising capital. Adam is a member of both the Massachusetts and Florida Bars. He earned his B.A. from the University of Florida and his J.D. from the University of Miami.
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