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IRS Extends Filing Dates for Form 5498 Series

Friday, May 29, 2020   (0 Comments)
Posted by: Amanda Averch
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The IRS yesterday announced an additional postponement of the due date for filing and furnishing Forms 5498 to August 31, 2020. This postponement applies to Form 5498, IRA Contribution Information, Form 5498-ESA, Coverdell ESA Contribution Information and the Form 5498-SA, Health Savings Acount, Archer MSA, or Medicare Advantage MSA Information. The period beginning on the original due date of those forms and ending on August 31, 2020, will be disregarded in the calculation of any penalty for failure to file these forms. ABA welcomed the reporting relief. Read the notice

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