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I need to mail in form 8606 separate from the tax return I already filed. I can't seem to find an address to mail it to though. Where do I find this? I'm in PA if that helps.
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Apr 4, 2011 15:08
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| # ¿ May 2, 2024 13:50 |
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entris posted:from: http://www.irs.gov/instructions/i8606/ch01.html I'm mailing it separately, as I have already filed my return months ago.
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Apr 4, 2011 18:10
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Pinkied_Brain posted:So, my company is giving out RSUs (so basically stock) as compensation bonuses. And in the schwab website (through which they process it) there is an option of how to handle the stock awards, and the default option is "sell for taxes". I (and many many others) strongly believe that you should not hold stocks in the company you work for. 100% of your income is already tied to the performance of that company, and tying up even more assets to its performance is extremely risky. So selling them for taxes is good in that it already reduces some of that exposure. I don't know how long you have to hold before you can sell the rest but I always do so ASAP.
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Apr 28, 2011 01:35
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Bojanglesworth posted:I ended up going with 3 federal and 2 State on my W2 today when I filled out paperwork. Hopefully this works out well. I think if anything you may end up underwithheld and wind up owing come tax time.
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May 4, 2011 22:23
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My girlfriend just received a notice from Maryland that her 2008 tax return she filed showed that the amount listed for the federal return was higher than the amount listed for the state return on that year, and now they want 700 bucks in back taxes. She doesn't have records from that far back. Is there any way we can get copies of those records? Or will she just have to suck it up and pay it?
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Sep 5, 2011 22:53
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Sharkface posted:Many states (and the IRS) have a 3 year statute of limitations on tax return errors like this. Was this the return filed IN 2008 or FOR 2008? It was for tax year 2008. Which is why I think they were sending it out now, to make it under the statute of limitations deadline.
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Sep 10, 2011 13:22
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In Feb. 2011, I made my first ever backdoor Roth contribution for 2010. This means for my 2010 return I had to send form 8606 saying the 5000 that I put in the Trad IRA was non-deductible. But since it was done in calendar year 2011, the conversion to a roth didn't go on the 2010 form. Now, for my 2011 form I've done another backdoor roth and converted it both in 2011. So if I understand correctly, my basis in my Trad IRA for 2010 was 5000, and for 2011 I've then contributed another 5000 and converted it all to a Roth. Does that sound right? Have I screwed anything up?
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Jan 18, 2012 12:14
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furushotakeru posted:That's fine as long as you don't have any other balances in an IRA anywhere Excellent. Nope, before 2010 I had done no tax-advantaged savings, and besides the Backdoor Roths the only other tax advantaged account I have is a 401k. Thanks!
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Jan 18, 2012 18:25
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| # ¿ May 2, 2024 13:50 |
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So I've just realized that for years I think I haven't filled out any city tax paperwork, and it seems that I should have. However, our city tax is a flat rate, and I definitely didn't qualify for any deductions, so I probably don't actually owe anything because it was just taken out of my paycheck correctly. If I don't owe anything, what are the penalties for not having filed the paperwork?
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Apr 16, 2012 11:31
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