Incompetence. It really depends what the process would be. If I get to approve, appeal, or delay all tax statements before the filing deadline, then this proba

Incompetence. It really depends what the process would be. If I get to approve, appeal, or delay all tax statements before the filing deadline, then this probably is ok. K-1s might not be delivered until after the deadline, resulting in angel investors needing to file an extension every year. [0] - https://learn.angellist.com/articles/schedule-k-1 https://learn.angellist.com/articles/schedule-k-1