Farmers filing deadline - March 1

[neilbrink]

For those of us who are working on Farmers' tax returns and trying to complete them by the March 1 deadline, what are we doing with those that require the Form 4136 - Credit for Federal Tax Paid on Fuels? This form is not available until March.

[jainen]

>>trying to complete them by the March 1 deadline<<

Relax! According to Notice 2013-5, "IRS has issued guidance to relieve estimated tax underpayment penalty otherwise imposed on farmers and fishermen, due to delayed start of 2012 filing season. Affected taxpayers who have chosen not to make quarterly estimated payments in 2012 will have until 4/15/2013, rather than 3/1/2013, to file and pay full amount of tax due, without incurring penalty. Those requesting this waiver must attach Form 2210-F (completed as specified in this guidance) to their tax return, which can be submitted electronically or on paper."

The guidance goes on to say just put in name and number, check the Part I Box A for the waiver, and leave the rest blank. So relax. Be happy. It's easier this year, not harder!

[neilbrink]

I like you, Jainen! Thanks.

[Gail in Virginia]

And neilbrink, I don't know offhand where you are located, but the state of Virginia is following suit and allowing farmers until April 15 without penalty. I hope your state is as well.

[neilbrink]

Illinois, gailtaxed, and I will certainly check that out!

[Marie]

ATX software continues to give efile errors when you try to blank out the 2210F . It says if box A is marked, there has to be a penalty to waive. I've overridden the lines, but not sure it will efile. Haven't tried yet.