Reporting IRA and retirement plan transactions

Use Form 5329 to report additional taxes on IRAs and retirement plans, including:

• tax on an early distribution
• exceptions to the tax on early distributions
• taxes on excess contributions
• taxes incurred when you did not receive the required minimum distribution

Plan sponsors

Where do I report SIMPLE IRA contributions for myself?

Where do I deduct SEP contributions?

See "Simplified Employee Pensions, Deducting Contributions, Where to Deduct Contributions," Publication 560, Retirement Plans for Small Business

Where do I report participants with deferred vested benefits?

How are automatic enrollment contributions reported?

See Auto enrollment FAQ on reporting contributions

How do I report a new responsible party for my retirement plan?

See Beginning January 1, 2014, any entity with an EIN, such as a plan sponsor, must report a change in the identity of their plan's responsible party on Form 8822-B, Change of Address or Responsible Party - Business PDF , within 60 days of the change. If the change is made before 2014, and the sponsor has not previously reported the change, the sponsor should file Form 8822-B prior to March 1, 2014.

• For retirement plans, "responsible party" is the person who has a level of control, directly or indirectly, over the funds or assets in the retirement plan. See the instructions to Form 8822-B, page 2, for a detailed definition of "responsible party" and an explanation of who must sign the form.
• What are the distribution codes for Form 1099-R?
  • See the "Guide to Distribution Codes," Instructions for Forms 1099-R and 5498

  File Form 1099-R for each person for whom you have made:

  • a distribution of $10 or more from profit-sharing or retirement plans, IRAs, annuities, pensions, insurance contracts, survivor income benefit plans, etc.

  IRA contributions will be reported on Form 5498:

  • IRA contribution information is reported for each person for whom any IRA was maintained, including SEP or SIMPLE IRAs.
  • An IRA includes all investments under one IRA plan.
  • The institution maintaining the IRA files this form.

  Related

  • Retirement plans for small entities and self-employed
  • IRAs