You can file delinquent Forms 8606, even as far
back as 1995, on a standalone basis, meaning that you can file them without
amending your tax returns. There can be a penalty of $50 for not filing Form
8606 on a timely basis, but the penalty can be waived if you can show
reasonable cause for not filing.
File these delinquent forms separately from your tax return.
See this IRS link regarding Form
8606 and see this information for suggestions regarding “reasonable
cause.”
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
