Contact UsFor Streamlined Domestic Compliance procedure, does one need to include form 8938 along with 1040x even if they did not meet 8938 thresholds? Instructions indicate "include even if these information returns would normally not be submitted with the Form 1040 had the taxpayer filed a complete"
Instructions:
For each of the most recent 3 years for which the U.S. tax return due date (or properly applied for extended due date) has passed, submit a complete and accurate amended tax return using Form 1040X, Amended U.S. Individual Income Tax Return, together with any required information returns (e.g., Forms 3520, 3520-A, 5471, 5472, 8938, 926, and 8621) even if these information returns would normally not be submitted with the Form 1040 had the taxpayer filed a complete and accurate original return. You may not file delinquent income tax returns (including Form 1040, U.S. Individual Income Tax Return) using these procedures.
For each of the most recent 3 years for which the U.S. tax return due date (or properly applied for extended due date) has passed, submit a complete and accurate amended tax return using Form 1040X, Amended U.S. Individual Income Tax Return, together with any required information returns (e.g., Forms 3520, 3520-A, 5471, 5472, 8938, 926, and 8621) even if these information returns would normally not be submitted with the Form 1040 had the taxpayer filed a complete and accurate original return. You may not file delinquent income tax returns (including Form 1040, U.S. Individual Income Tax Return) using these procedures.
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
Manasa Nadig
You do NOT have to include Form 8938 with a Form 1040X if the taxpayer did not meet the 8938 thresholds for the year the 1040X is being filed.
The instructions speak of certain forms like the 3520 that in earlier years could be filed on their own & did not have to be sent in with the 1040.
Leave a Comment
401 weeks ago
The instructions speak of certain forms like the 3520 that in earlier years could be filed on their own & did not have to be sent in with the 1040.