Finance Strategists on MSN

How IRS Form 8606 might work, including who needs to file it

Form 8606 reports nondeductible IRA contributions and distributions. Learn its purpose, who needs to file, how to complete it, and its role in managing IRA.
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Have an IRA? Your Retirement Savings Could Suffer If You Forget This Vital Tax Form

If you have an individual retirement account, you need to get acquainted with IRS Form 8606 before filing your tax return this year. Failing to file a Form 8606 could result in a $50 penalty unless ...