@Mike9241 wrote:
since a grantor trust does not pay taxes there's little the IRS can do except impose a penalty of $100 per year. however, your would be filing late so the penalty could apply.
Any penalty for late filing would be tough since that would be based upon any tax due (which in this case would be zero). There is also no penalty for late filing of K-1(s) since a K-1 is not issued by grantor trusts.
