Our family business, which is operated as an S Corp, closed on 9/30/2020. It and any other part of the business have yet to be dissolved. I was just informed by our accountant that due to a lack of information in a timely fashion (thanks to my BIL), he is unable to generate our K1's for 2020. I have no idea what to do. Do I just overpay, so that I can avoid part of the penalty and get an extension? Last year, we received approx. $120,000.
