So, what I need to do is to pay the penalty for 2010 return. Then contribute $60 less for next year. On my next year's tax return, I don't need to pay any penalty, i.e. as if everything is normal.
Now I am preparing my 2011's tax return. Since I have contributed $60 less to my HSA account on 2011, so I don't have to pay penalty any more. But do I need to fill another form to declare this?
Please comment on this. I've read the guideline on form 5329 ( Additional Taxes on Qualified Plans and Other Tax-Favored Accounts), but couldn't find (or understand) what I need to do.
Thanks very much for your help!