It's Secure: Transmit your data directly to the IRS or to any specific state portal. Your data is not transmitted via the cloud or any third party.

Excel Integration: Import your data from excel (xls, xlsx). Download your sample excel file to get started.

Print: Copy B can be printed on plain paper with black ink. No additional forms need to be purchased. Designed to be tri-folded into a standard, #10 size, double window envelope.

Files are processed faster with fewer errors: Our software does an excellent job of detecting errors before you transmit your data to the IRS.

FREE Technical Support: Speak to a local and live support specialist. We can answer any question that might arise.

We can print, mail and electronically file on your behalf originals or corrections for current or prior tax years to the IRS through the Combined Federal/State program and to any specific states.

Assigned Representative: Every customer is assigned a dedicated representative who provides personalized support with at least 15 years of tax filing experience.

Reduced Administrative Burden: By outsourcing tax-related tasks, businesses can free up their internal resources to focus on core operations.

No TCC or ID.me Account Required: The service eliminates the need for obtaining Transmitter Control Codes (TCC) or verifying identity through ID.me, which can be cumbersome for businesses.

High Volume & Complex Filing Capabilities: 1099FIRE is equipped to manage large volume filings, multiple payers, and handle state filings, bulk TIN matching, and more, including transmission through the Combined Federal/State Filing (CFSF) program.

Why do I need to call for a quote? Every project is different, and a one-size-fits-all approach simply won't do. Calling us for a custom quote will ensure that our team can thoroughly understand your specific needs and provide a solution that's perfect for you. Sales can be reached at (480) 706-6474.

Not a problem. Our software and outsourcing services are capable of meeting your needs. Print and electronically file originals or corrections for current or prior tax years.

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.

While Form 5498-ESA does not need to be filed with the taxpayer's federal income tax return, it's important for tracking contributions and for verifying that any distributions are for qualified education expenses to avoid taxes and penalties.