Form 5498-SA Deadline Extended Until July 15th

(April 11, 2020) On April 10, 2020, the IRS issued Notice 2020-23 that postponed numerous time-sensitive acts. Included in this list of time-sensitive acts are HSA providers’ filing of IRS Form 5498-SA with the IRS and providing an Annual Account Statement (which may be satisfied using a copy of Form 5498) to HSA owners. With this relief, HSA providers have until July 15th to both file 2019 Forms 5498-SA with the IRS and to provide Annual Account Statements to HSA owners.

While the deadline for filing/providing the 2019 Form 5498-SA has been changed under this relief, the requirements of what to report on the 2019 Form 5498-SA remain unchanged; there have been no revisions to the 2019 Instructions for Forms 1099-SA and 5498-SA that were issued on November 7, 2018.

The IRS has yet to release guidance as to how HSA contributions received on April 16th through July 15th are to be reported. As these contributions are received, tracking them separately from those 2019 tax year contributions made on or before April 15th will prove helpful in facilitating accurate reporting once the IRS provides such guidance.

HSA Stuff Staff will continue to monitor for additional reporting guidance and will post as it becomes available.

All Stories

Proposed Legislation Would Expand Access to HSAs
2019 IRS Form 5498-SA Deadline Further Postponed to August 31, 2020
2021 HSA COLAs Issued
Retroactive Effective Date Provided for Exemption for HDHPs
Form 5498-SA Deadline Extended Until July 15th
Treasury Extends Deadlines for HSA Time-Sensitive Acts
IRS’s National Distribution Center is Closed
IRS Issues Additional Coronavirus Relief Including 60-Day Rollover Relief
UPDATE: President Trump Signs the CARES Act!
Massive $2 Trillion Federal Stimulus Package Will Immediately Impact Retirement Providers
House of Representatives Approves the CARES Act
Senate Unanimously Passes the CARES Act
IRS FAQs Confirms July 15th Contribution Deadline
IRS Confirms July 15th Tax Filing Deadline
Contribution Deadline Extended to July 15th
IRS Confirms HSA Contribution Deadline Remains April 15th
Tax Payment Deadline Extended; Tax Filing Deadline & HSA Contribution Deadline Unchanged
HSA-Compatible HDHPs May Pay COVID-19 Related Expenses
Publication 969 Posted
Definition of Preventive Care Expanded
Executive Order Provides Directive for Changes to HSAs
2020 HSA COLAs Issued
IRS Elaborates on Employers Recouping Contributions
2018 HSA Contribution Deadline April 15th For Most; Extended For Some
2019 Instructions for Forms 1099-SA and 5498-SA Posted
IRS Releases 2019 HSA Reporting Forms
IRS Proposes Changes to Requirements for Filing Information Returns Electronically
2019 HSA COLAs Issued
HSA Family Contribution Reverted To $6,900
HSA Contribution Clarification & Transition Relief
5th Circuit Court of Appeals Strikes Down DOL Fiduciary Rule
2018 HSA Family Contribution Limit Reduced
Publication 969 Posted
2017 HSA Contribution Deadline
HSA Changes Included In House Healthcare Bill
Publication 969 Posted
HSA Model Documents Posted
2016 HSA Contribution Deadline
2017 HSA COLAs Issued
HSA Enhancements Proposed in Bill
Publication 969 Posted
IRS Updates HSA-Related Forms
Publication 502 Posted
2015 HSA Contribution Deadline Reminder
IRS Releases 2016 HSA Reporting Forms
2016 Instructions for Forms 1099-SA and 5498-SA Posted
IRS Posts 2015 Form 8889
IRS Releases 2015 Instructions for Form 8889
Proposed Regulations Published Regarding Treatment of Same-Sex Marriage for Federal Tax Purposes
HSA Eligibility Rules Change for Individuals Receiving VA Benefits
EBRI Study Examines HSA Investment Options
2016 HSA COLAs Issued
Publication 969 Posted
IRS Notice Clarifies Obamacare HSA Preventive Care Issue
Form 5498-SA Deadline Extended Until July 15th
This website and its content is copyright of Convergent Retirement Plan Solutions, LLC - © Convergent Retirement Plan Solutions, LLC, 2020. All rights reserved. Disclaimer | Privacy Policy | Terms of Use
Convergent Retirement Plan Systems, LLC - visit website
IRA Stuff - Visit Site