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My client is filing prior Form 8606 that was not reported on prior year Form 1040 do I need to amend those return or I could just file Form 8606 itself.

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Level 2
 
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4 Replies 4
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Level 15

8606 can be signed on page 2 and mailed by itself.


ex-AllStar
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Level 11

Make sure to attach the reason for abatement, and make sure not to attach a check.  

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Level 15

Bob, there's no penalty computation on an 8606. You may be thinking 5329.


ex-AllStar
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Level 12

If anything about the separate 8606 (by year) affects any 1040 that needs to be amended, then it needs to be amended.

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