When my father died I became successor trustee. With all of the filings the financial institutions required, I wasn’t able to file the 1041 on time and was hit with a substantial late filing penalty. How can I protest this and what are my chances of success? Are there any ways to try and abate this late filing penalty?
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Tax Professional Answers
Michael Cash
You may have reasonable cause for filing late because of the death of the trustee and hoops you had to jump through to take over the position.
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307 weeks ago