5498 Forms › Form 5498 Due Dates and Filing Deadlines for 2026
At a Glance
Form 5498 Filing Deadlines
Form 5498 has a unique filing deadline compared to most information returns. Because IRA contributions can be made until the April tax filing deadline, the form has a later due date to allow trustees to compile complete contribution data.
Key Deadline: May 31
| Requirement | Deadline |
|---|---|
| Provide statement to participant | May 31 |
| File with IRS (paper or electronic) | May 31 |
If May 31 falls on a weekend or federal holiday, the deadline moves to the next business day.
Why the May 31 Deadline?
The later deadline exists because:
- IRA contributions for a tax year can be made until April 15 of the following year
- Trustees need time to compile complete contribution data after the April deadline
- Recharacterizations can occur up to October 15 (with extension), though reporting is due May 31
Early Participant Statements
While the formal deadline is May 31, trustees may provide preliminary statements earlier in the year showing:
- Fair market value as of December 31 (available by January 31)
- Contributions made during the calendar year
- RMD information for the following year
Final statements showing all contributions (including those made between January 1 and April 15) must be provided by May 31.
Fair Market Value Reporting
If you only need to report the fair market value of the IRA (Box 5) and there were no contributions, rollovers, or other reportable activity, the form is still due by May 31.
The FMV is reported as of December 31 of the tax year and is used for RMD calculations.
Filing Extensions
If you cannot meet the May 31 deadline, you may request a 30-day extension using Form 8809. The extension request must be submitted before the original due date.
Penalties for Late Filing
Failure to file Form 5498 by the deadline can result in penalties. The penalty amount depends on how late the form is filed and the size of your organization.
E-File Form 5498 with BoomTax
E-file your Form 5498 with BoomTax to ensure timely filing. Our platform validates your data and transmits it securely to the IRS through the FIRE system.
Import Your Form 5498 Data
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E-File & Mail Employee Copies
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Related Due Dates
- Form 5498-ESA Due Date: May 31
- Form 5498-SA Due Date: May 31
External Resources
Frequently Asked Questions About Form 5498 Deadlines
If May 31 falls on a Saturday, Sunday, or federal holiday, the deadline automatically moves to the next business day. For example, if May 31 is a Sunday, the deadline would be Monday, June 1.
Yes, you can request an automatic 30-day extension by filing Form 8809 before the May 31 deadline. In certain situations, you may request an additional 30 days. Note that an extension to file with the IRS does not extend the deadline to provide statements to participants.
Form 5498 has a May 31 deadline instead of the January/February deadlines for most information returns because IRA contributions for a tax year can be made until the April 15 tax filing deadline. The extended deadline gives trustees time to compile complete contribution data.
Penalties for late filing depend on when you file and the size of your organization. Reduced penalties apply if you file within 30 days of the deadline. Penalties increase for later filings, with maximum penalties for forms filed after August 1 or not filed at all.
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BoomTax and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors prior to engaging in any transaction.