I need to file a 1041 for the estate of a relative that died on 3/31/2024. I want to elect a Fiscal year and believe that the correct fiscal year would start at the date of death, 3/31/2024 and end 12 months later on 2/28/2025, with the return due by 6/15/2025.
When the attorney's office handling the estate filed the SS-4 they mistakenly set the fiscal year as May 2024 to April 2025, with the return due by 8/15/2025. I've spoken with two tax accountants and received two different responses. One said to ignore what was submitted on the SS-4 and file the return with the correct fiscal year end (Feb), the other said to just use what the IRS has on file (April), despite it being a period longer than 12 months.
I called the IRS, and the rep I spoke with said to Write a letter to the IRS explaining what happened and requesting it be changed to a February Fiscal year end.
Can anyone provide some guidance on this issue?
