dgonen
New Member

Did not receive K-1 form for trust payments, can I avoid penalties and interest?

I received money from a trust in 2017.  I did not receive a K-1 form and was told the trust had paid all the taxes.  However, I found out from the IRS that the trust did file a K-1 form, but the trustee has admitted she neglected to send it to me.  I therefore did not pay any taxes on my 2017 return.  Now the IRS says I owe the taxes plus penalty and interest.  Since the trustee has admitted she failed to send me the K-1 form, then can I ask the IRS to waive the penalty and interest?