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IRS FORM 5498

What is it? The IRS form 5498 is a tax form used for reporting contributions to Individual Retirement Accounts (IRA). A standard Form 5498 is designated for traditional IRAs, Simplified Employee Pension (SEP), Savings Incentive Match Plan (SIMPLE), and ROTH IRAs. Health Savings Accounts (HSA) are covered under the Form 5498-SA. What is it used [...]