Client formed an irrevocable trust during 2022. We weren't expecting any income, however the client has conveyed that they received a 1099 from the brokerage that reports $15 of interest (not de minimis, so it's going to the IRS).
Based on the 1041 instructions, we should file. Normally, we'd get a $100 exemption for a complex trust, and that would translate to no tax due with this fact pattern. Client doesn't really want to file, and I don't blame them.
Would the IRS send a notice for tax, P&I on the $15 if the client chose not to file? Are there any other ramifications beyond a statute of limitations that does not close?