Need to know the best way to take care of a K-1 that was suppose to be filed last year but did not receive it until late in the year, Can I file it on this years returns? And is there anyway to avoid penalties?

This was my share of a beneficiary surviors trust.

Late K-1 tax form

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The K-1 must be filed for the year stated on the document. If there are penalties that accrue due to not including it on your original return, you may petition the IRS to abate the penalties.

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How do I petition the IRS to abate the penalties?

Reply 316 weeks ago

John Stancil

The K-1 must be filed for the year stated on the document. If there are penalties that accrue due to not including it on your original return, you may petition the IRS to abate the penalties.

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Need to know the best way to take care of a K-1 that was suppose to be filed last year but did not receive it until late in the year, Can I file it on this years returns? And is there anyway to avoid penalties?

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Need to know the best way to take care of a K-1 that was suppose to be filed last year but did not receive it until late in the year, Can I file it on this years returns? And is there anyway to avoid penalties?

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