How does a fiduciary amend the tax return?
If the fiduciary needs to correct an error on a previously filed Form FID-3, the fiduciary must file an amended return. There is no special form for this purpose. See “What are some helpful hints for preparing an amended return?” The fiduciary has five years from the due date of the original tax return to file an amended fiduciary tax return and correct any error. If the IRS changes or makes corrections to your federal Form 1041 or if the estate or trust amends its federal tax return, you will need to amend your Form FID-3 within 90 days of receiving the Internal Revenue Service’s notification of the corrections made to your federal Form 1041 or filing your amended federal tax return. Please Note: If you file an amended tax return that reflects an increased tax liability, you may have the late payment penalty waived. In order to receive the waiver, simply check the “Amended return” box on page 1 of the tax form and pay the tax and applicable interest in full. By checking this box, you
