[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-302188-105":3,"detail-sidebar-cat-1-en-105":80,"doc-detail-302188-en":126},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":73,"head_meta":75,"extra_data":77,"updated_unix":79},105,"en","march-2022-monthly-e-newsletter-prospects","March 2022 Monthly E-Newsletter - Prospects","","Guidance on IRA contributions explains that Form 5498 is prepared by your account custodian or trustee when there is reportable activity, and the recipient copy is informational for recordkeeping only. The newsletter also covers how to interpret the form for matching contribution amounts, notes timing differences for prior-year contributions, and highlights the 2021 tax filing deadline shift due to Washington observance. Additional sections introduce “Lie bman’s Library” with featured market-related articles and provide advisor collaboration and contact information.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/march-2022-monthly-e-newsletter-prospects/302188/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/march-2022-monthly-e-newsletter-prospects/302188.png","ImageObject",442,249,{"name":42,"@type":43},"Taylor Morgan","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-09-27","2026-09-19",true,{"@type":52,"interactionType":53,"userInteractionCount":22},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"Do I need to file anything to make an IRA contribution?","Question",{"text":62,"@type":63},"Generally, no. The account custodian files Form 5498 on your behalf if there was reportable activity, and you only use the copy for your records.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"What is Form 5498 used for?",{"text":67,"@type":63},"Form 5498 summarizes contribution information, rollover contributions, inherited IRA distributions, and fair market values. It is informational and meant for your own recordkeeping.",{"name":69,"@type":60,"acceptedAnswer":70},"When will I receive Form 5498 for a contribution made for the prior tax year?",{"text":71,"@type":63},"If the contribution is made between January and April for the prior tax year, the custodian typically will not provide Form 5498 until after the filing deadline, often by May 31.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},302188,1790467542,{"code":4,"msg":81,"data":82},"success",[83,88,93,98,103,108,113,117,122],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},11,"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":115,"slug":116},18,30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":114,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":26,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":33,"language":135,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":12,"update_tm":139,"read_time":26},1099523885336,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","Do I need to file anything for making an IRA contribution?  \nAround this time of the year, we field a lot of questions around tax filing and locating the right tax forms. Anyone who has made an IRA contribution in the past may know that the account custodian furnishes a copy of Form 5498 for “IRA Contribution Information ,” in addition to your 1099s and/or K-1 investment records.  \nForm 5498 will summarize contribution information , rollover contributions , inherited IRA distributions , and fair market values for the accounts in question.  \nThe question we get asked is: what do I need to do with this form?  \nAnd the answer is: NOTHING (basically) .  \nYour account custodian or trustee is required under IRS law to file Form 5498 on your behalf if there was any reportable activity. For example , if you made a contribution to an IRA at Fidelity Investments , then Fidelity Investments will file Form 5498 for you.  \nThe copy that you receive is informational only and for your own records. So you should keep it , and make sure your contribution amount matches what’s being reported. That way , when you do report the contributions , you have some receipt. But you do not need to file it yourself with your tax return.  \nThis is also why if you make a contribution for the prior tax year between January and April, your account custodian won’t furnish you a copy of Form 5498 until after the filing deadline (typically by May 31st) . Nothing to sweat about , the custodian has you covered.  \nAlso , did you know that the tax filing deadline for 2021 taxes is April 18 th this year instead of the 15th? This is because April 16th is Emancipation Day in Washington. But because April 16th is a Saturday this year, the holiday is being officially observed on April 15 th , and as such tax deadline day gets pushed to Monday the 18th.  \nThis is not intended to be tax or financial advice. As always , please consult with your professional tax advisors regarding any questions.  \nHappy filing!  \nSchedule a call  \nIn this section, which we cal Lie bman ’s Library, Mat Liebman and Sam Lie bman wil share 1-2 articles or charts per month that caught their atention related to the Investment Markets.  \nStarting when Mat was in Elementary school, he would walk into his room and find newspaper or magazine articles about sports, politics, business, or markets that Sam had cut out for Mat to read. The tradition has continued for over 30 years. Now the article flow goes in both directions and the articles are usualy sent via text.  \nFor this edition , we chose two articles. One article is a bit more positive and optimistic , and the other is less so. The first article is a Wall Street Journal piece from a few weeks ago about some of the positive signals bubbling beneath the surface despite the negative start to the year for the stock market. The other article is a rather negative Washington Post Op/ed from former Treasury Secretary and former Harvard University President , Lawrence Summers.  \nThe combination of these two commentaries can be seen played out on an ongoing basis in the current volatile markets. We are reading these two perspectives and many others as we consider current and future portfolio positioning.  \nWall Street Journal:  \nInvestors See Bullish Signals Under the Stock Market’s Surface  \nRead More  \nWashing Post:  \nOpinion: The Fed is Charting a Course to Stagflation & Recession  \nRead More  \nDid You Know?  \nAt Amplius , we think it is important to have all your professional advisors (tax , estate , etc.) working in a cohesive manner. During tax season , we offer to all of our clients to connect with their CPAs or other tax professionals to make sure filing is as efficient as possible.  \nTo learn more about how we partner with CPAs or other service providers , contact us by clicking below.  \nContact Us  \nYour Advisors In the News Recent Media Mentions  \nIndependent RIAs, Megabanks on Equal Footing on Alternative Investments  \nIndependent RIAs are now ","cbCaifa6QdZz1Jbn","https://ap.wps.com/l/cbCaifa6QdZz1Jbn","pdf",484544,"English","# IRA contribution and Form 5498\n## What to do with Form 5498\n## Timing for prior-year contributions\n# Tax deadline note for 2021 taxes\n# Schedule a call\n# Lie bman’s Library\n## Featured articles and reading approach\n# Did you know?\n## Advisor coordination with CPAs\n# Advisors in the news recent media mentions","[{\"question\":\"Do I need to file anything to make an IRA contribution?\",\"answer\":\"Generally, no. The account custodian files Form 5498 on your behalf if there was reportable activity, and you only use the copy for your records.\"},{\"question\":\"What is Form 5498 used for?\",\"answer\":\"Form 5498 summarizes contribution information, rollover contributions, inherited IRA distributions, and fair market values. It is informational and meant for your own recordkeeping.\"},{\"question\":\"When will I receive Form 5498 for a contribution made for the prior tax year?\",\"answer\":\"If the contribution is made between January and April for the prior tax year, the custodian typically will not provide Form 5498 until after the filing deadline, often by May 31.\"}]","March 2022 Monthly E-Newsletter - Prospects | PDF",1789790148]