With HOURS to spare, the IRS posted that penalties for non-payment of estimated tax will NOT be assessed on farmers who wait until April 15 to file and pay taxes.
Normally, farmers (due to their variable and unpredictable income) do not have to pay estimated taxes (as self-employed individuals) if they file and pay all taxes due by MARCH 1.
LINK: IRS waives estimated tax penalty for farmers, fishermen who file returns and pay tax by April 15
Rest easy, friends. There is still time.
*Note: This might not apply to your STATE tax return
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