Form 8606 again


A

anoop

I had posted a while ago at tax time about form 8606.
http://groups.google.com/group/misc.taxes.moderated/browse_frm/thread/39bc4898746da613/1778351c6eb8fd89?lnk=gst&q=form+8606#1778351c6eb8fd89

To recap, I had filed my tax return and after that decided
I wanted to contribute to a non-deductible IRA. Based on
the above discussion, I did contribute to it and subsequently
sent in form 8606 reporting the contribution.

I recently received a letter from the IRS saying that I need
to submit my 1040 along with the 8606 in order for them
to consider it. I called the IRS and was told that I would
be required to file an amended return.

Does this sounds correct to folks? I guess I will have to
go back to my TurboTax and see if it will let me do an
amended return now.

Anoop
 
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B

Barry Margolin

anoop said:
I had posted a while ago at tax time about form 8606.
http://groups.google.com/group/misc.taxes.moderated/browse_frm/thread/39bc4898
746da613/1778351c6eb8fd89?lnk=gst&q=form+8606#1778351c6eb8fd89

To recap, I had filed my tax return and after that decided
I wanted to contribute to a non-deductible IRA. Based on
the above discussion, I did contribute to it and subsequently
sent in form 8606 reporting the contribution.

I recently received a letter from the IRS saying that I need
to submit my 1040 along with the 8606 in order for them
to consider it. I called the IRS and was told that I would
be required to file an amended return.

Does this sounds correct to folks? I guess I will have to
go back to my TurboTax and see if it will let me do an
amended return now.
I did the same thing as you. I received a letter from the IRS saying
that they would append the 8606 to my 1040. Unless I misread it, there
was no indication that I needed to do anything more; it was basically
just an acknowledgement that they received it.
 
A

anoop

I did the same thing as you.  I received a letter from the IRS saying
that they would append the 8606 to my 1040.  Unless I misread it, there
was no indication that I needed to do anything more; it was basically
just an acknowledgement that they received it.
That's really weird. I guess I'll try calling them again and seeing
if there's some way for them to do as they did for you.

Anoop
 
A

anoop

I did the same thing as you.  I received a letter from the IRS saying
that they would append the 8606 to my 1040.  Unless I misread it, there
was no indication that I needed to do anything more; it was basically
just an acknowledgement that they received it.
I called the IRS yesterday. I got a lady who said I need to create
an amended return and send it in. I mentioned your case. The lady
then
confessed to not being an expert on this and transfered me over to
someone else who handled issues with retirement forms.
He first said that my 1040 must have gotten lost so I should just
re-send a copy. I said that can't be the case since my check for $xxx
was
cashed. So he went back and checked his records. Then he said the
problem was that the 8606 arrived before my 1040 (crossed in the mail)
and that if I just resend the 8606 stating that my return has been
processed
then all should be OK.

I'm somewhat amazed and disappointed by the inconsistency of the
answers. I can't imagine what it must be like to deal with the IRS in
the case of a complicated matter.

Keeping my fingers crossed.

Anoop
 
S

Stuart A. Bronstein

anoop said:
I called the IRS yesterday. I got a lady who said I need to
create an amended return and send it in. I mentioned your case.
The lady then confessed to not being an expert on this and
transfered me over to someone else who handled issues with
retirement forms. He first said that my 1040 must have gotten lost
so I should just re-send a copy. I said that can't be the case
since my check for $xxx was cashed. So he went back and checked
his records. Then he said the problem was that the 8606 arrived
before my 1040 (crossed in the mail) and that if I just resend the
8606 stating that my return has been processed then all should be
OK.

I'm somewhat amazed and disappointed by the inconsistency of the
answers. I can't imagine what it must be like to deal with the
IRS in the case of a complicated matter.
I remember seeing a story about a study done about IRS responses. A
long set of questions was developed. The IRS was called and asked
each question (as I recall) six times on six different phone calls.
On the average the callers received six different answers, none of
which were completely correct.
 
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A

anoop

... So he went back and checked his records.  Then he said the
problem was that the 8606 arrived before my 1040 (crossed in the mail)
and that if I just resend the 8606 stating that my return has been
processed then all should be OK.
Just a quick followup. I finally got a letter from the IRS saying
that
the form 8606 was added to my return and all is well (no further
action
is required).

Thanks for the help!

Anoop
 
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