Loretta P
Employee Tax Expert

[Event] Ask the Experts: Extension Filers

I'm sorry you are having an issue with the attorney/executor.  Filing without having the K-1 from the estate and amending your return once you receive it is an option, but it has risks.  You risk filing an incorrect tax return, which can trigger an IRS notice or audit. You will also need to file an amended return (Form 1040-X) later, which can be a lengthy process. This method is not recommended if the K-1 is expected to show significant income, but may be an option if you consistently receive a K-1 with minimal or no taxable income. 

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