@fanfare wrote:
I see no reason to file numerous forms.
Can you provide an authority that says that is allowed?
I would suggest that to properly comply with IRC 408(o)(4), numerous tax court decisions and the IRS rules that provide for a $50 penalty for each tax year that a 8606 was required but not filed, that separate 8606 forms be filed for each missed year with an explanation for the missed 8606 form an a request to waive the penalty.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
