mistaken 1040A

unionjack · Post by **unionjack** » Sun Mar 02, 2008 1:30 am

I worked in US for 2004-2006, as a resident. Returned to Canada in 2007.

In 2006 I opened a bank account in Canada, greater than US $10,000. A tax-preparer did my returns in the US and in '06 he used a 1040A. I only discovered this was wrong last week when I was doing my '07 taxes and came across the TDF 90-22 requirement. (I knew the tax guy hadn't mentioned the TDF to me so I looked up the 1040A instruction book and saw I was supposed to file 1040.)

Anyway, I sent in the TDF already but am wondering what to do about the 1040A. Do I need to file a 1040X for 2006? None of the amounts have changed (eg. income, tax) since I didn't get interest on the Can. account until 2007. What should I do?
And will there be a penalty? Thanks.

nelsona · Post by **nelsona** » Sun Mar 02, 2008 5:48 am

I would not worry about this.