EZ Trust is on a calendar-year tax year. Fred, the new trustee for EZ, forgets to file Form 1041 by April 15 as required and does not file an extension. He finally files EZ's Form 1041 on June 30 and issues Schedule K-1s to the two beneficiaries. EZ Trust owes $5,000 in taxes. What amount of penalty(ies) will EZ owe to IRS? Must any additional forms be filed?

a)  Since the extension is automatic, there will only be a $75 late payment penalty.

b)  There will only be a late filing penalty of $750, and Form 2210 must also be filed.

c)  There will be a late filing penalty of $290 and a late payment penalty of $75. Form 2210 must also

be filed.

d)  There will be a late filing penalty of $750, a late payment penalty of $75, and a penalty of $580 for

not providing a Form K-1 to each beneficiary on or by the due date of Form 1041. Form 2210 must also be filed.