Form 5498 Reminder ….

Posted on May 15, 2015 by | 1 Comment

Just when you thought it was safe to forget all about taxes  …. a seemingly straggling form may arrive.

Form 5498Form 5498

  • Usually arrives in May
  • Confirms with the IRS that you rolled over your 401k, IRA or other taxable distribution to another plan
  • Confirms to IRS that Funds rolled over are not taxable
  • Applies to the prior tax year, not this year
  • Causes angst due to the late arrival (tossed this one in based on truth)

These are the main characteristics of this seemingly tardy tax form. Now you know… just a reminder!

Give us a call if you have any questions!

Happy Friday … You know …. time with those special !!!

John A. Kvale CFA, CFPJK Street Cents Logo

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave #590
Dallas, TX 75225
This entry was posted in General Financial Planning, Tax Related and tagged , , . Bookmark the permalink.

One response to “Form 5498 Reminder ….”

  1. singing in the rain good morning | June 2, 2015 at 5:09 AM |

    On the Alzheimer ward, we have people that cannot remember what they
    had for supper however can sing Cheatin Heart from
    memory.

    Like

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