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1041-T missed deadline

KFCPA
Level 2

First & Final 1041 return for my parent's trust with 645 election for fiscal year. Mother died mid-Nov 2022. First time preparing trust return and I didn't realize fiscal year must end October 31, 2023 and didn't realize 1041-T had to be filed within first 65 days after fiscal year end.  If fiscal year end can be 11/23/23, I'm still within the deadline. Suggestions?

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3 Comments 3
sjrcpa
Level 15

Fiscal year could end 11/30/23. (beginning 12/1/2022)

From date of death to 11/30/22 was there enough income to require a 1041 be filed?


Ex-AllStar
KFCPA
Level 2

Sjrcpa: Thanks for your reply. Unfortunately, there was about $5K interest income for Nov.2022. Does the IRS accept late 1041-T if Final return?

 

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sjrcpa
Level 15

I don't know but I doubt it.


Ex-AllStar