Form 5498 … Pesky Tax Form Reminder

Each year we FINALLY say goodbye to tax season.

Taxes are extended or done.

The pain or pleasure has been experienced.

Money has moved one direction or the other.

The lost, but finally found forms are filed safely.

Then you gasp as one last form hits your mailbox.

Form 54982016 Form 5498

Straggling surprising and pesky Tax Form 5498 is a form mandated by the IRS that matches your Pre-Tax contributions to your tax return.

Contributions for the prior year, made in the current year may show in this form…do not worry, the IRS will match these with your return NEXT year.

This form comes out AFTER tax filing season to make it easier to catch the contributions for the IRS.

File it in your 2017 tax files… No other action is necessary…  Blood pressure back down..haha

Today is Friday… Have a wonderful weekend !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.


Leave a Reply