Form 5498-ESA is used by financial institutions to report contributions made to a Coverdell Education Savings Account (ESA) to the IRS. This form is important for tracking contributions and ensuring compliance with IRS regulations. It is provided to the IRS and the account beneficiary for informational purposes and should be retained for tax records.

Financial institutions that manage Coverdell Education Savings Accounts.

You need to include the beneficiary's name, Social Security number, and the total contributions made to the Coverdell ESA during the tax year.

The form must be filed with the IRS by May 31 of the year following the tax year in which contributions were made.

No, Form 5498-ESA does not require a signature according to IRS guidelines.