IRS Form 5498-ESA (Tax Year 2025)
Coverdell ESA Contribution Information
Software
$289.95
- Use the software today!
- Transmit directly to the IRS.
- Requires a TCC code issued by the IRS and IDme account.
- File originals or corrections for current or prior years.
- Software imports up to 2,500 records. Additional 10,000 record increments can be purchased by calling sales at (480) 706-6474.
Outsourcing
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- We assign a real person to review your data.
- No TCC required. No IDme. No finger print.
- Let our trained staff import your data from excel, print and mail, and electronically file on your behalf using our TCC number.
- Custom quotes tailored specifically to your needs. We are committed to providing you with exceptional service and competitive pricing.
Software AdvantagesSecure Transmission
Your data is sent directly to the IRS or state portals. Because of this, your information never passes through the cloud or third-party servers.
Excel Integration
Quickly import data from Excel (XLS or XLSX). Download a sample file to get started.
Simple Printing
Print Copy B on plain paper with black ink. No special forms are required. Forms fit neatly into a standard #10 double-window envelope.
Error Reduction
Our software checks for errors before submission. As a result, processing is faster and IRS rejections are less likely.
Free Technical Support
Speak directly with a local support specialist. We are here to answer questions and resolve issues quickly.
1099FIRE can handle the entire process for you—printing, mailing, and electronically filing originals, corrections, or prior-year returns with the IRS and state agencies through the Combined Federal/State Filing (CF/SF) program.
Assigned Representative
Each customer is paired with a dedicated representative who has 15+ years of tax filing experience, ensuring expert, personalized support.
Lower Administrative Burden
Outsourcing frees your internal resources to focus on core operations. As a result, your team saves time and avoids unnecessary stress.
No TCC or ID.me Required
We eliminate the need for Transmitter Control Codes (TCC) or IRS ID.me verification—removing common obstacles for businesses.
High-Volume & Complex Filing Support
We manage large-volume filings, multiple payers, state filings, bulk TIN matching, and more, all securely transmitted through the CF/SF program.
Custom Quotes
Every project is unique. Because of this, we provide tailored quotes instead of one-size-fits-all pricing. Call us at (480) 706-6474 to discuss your filing needs.
The IRS now requires electronic filing of 10 or more information returns beginning with tax year 2023.
Key Requirements
If you filed a TCC application before September 26, 2021, you must reapply and verify identity through ID.me.
Paper filing is only allowed if you have 10 or fewer returns.
As a result, more companies are adopting third-party e-filing services.
Get Help
Contact 1099FIRE at (480) 706-6474 to discuss outsourcing options and ensure compliance with the new rules.
Original Filings
Submit brand-new returns confidently with our software or outsourcing service.
Corrections
Quickly fix errors and resubmit corrected forms to stay compliant.
Prior Years
Electronically file late or amended returns for past tax years without hassle.
Our solutions are designed to handle every filing scenario—whether current, corrected, or prior year.
IRS Form 5498-ESA is used by financial institutions to report contributions made to a Coverdell Education Savings Account (ESA). Coverdell ESAs are tax-advantaged accounts designed to help pay for qualified education expenses, including elementary, secondary, and higher education costs.
Who Files Form 5498-ESA
Financial institutions or trustees that hold Coverdell ESAs are responsible for filing Form 5498-ESA with the IRS. They are also required to provide a copy of the form to the account holder, typically the designated beneficiary (student) or their guardian.
Who Receives Form 5498-ESA
The IRS receives a copy of Form 5498-ESA directly from the financial institution managing the account. The account holder (typically the student or their guardian) also receives a copy for record-keeping and tax reporting purposes.
Purpose of Form 5498-ESA
Helps taxpayers keep track of Coverdell ESA contributions and verify that contributions are within annual limits.
Due Date
Financial institutions must submit Form 5498-ESA to the IRS by April 30. Financial institutions must provide a copy of the form to the account holder by April 30.
