Farmers & Fisherman--Form 4136

[Chrisbry]

I just got this email from my local Stakeholder Liasion's office:

Title: Form 4136 revised; E-filing delayed until March 3 for farmers/fishermen

Agricultural industry taxpayers, farmers and fishermen, who electronically file Form 1040 returns with Form 4136, Credit for Federal Tax Paid on Fuels, must wait until March 3 to e-file the newly-revised Form 4136.

Normally, 1040 filers who qualify for the special estimated tax rules that apply to farmers and fishermen must file their 2007 return and pay all taxes due by March 3. For eligible farmers and fishermen who attach Form 4136 to an electronically filed Form 1040, their return will be considered timely if e-filed on/or before March 10.

This delay does not affect farmers and fishermen who are not attaching Form 4136.

Form 4136 has been updated to reflect changes relating to the Leaking Underground Storage Tank tax, which were enacted as part of the Tax Technical Corrections Act of 2007, Pub. L. 110-172 Section 6, Provision 1362, on December 29, 2007.

The late-December enactment means that reporting procedures for this law change were not incorporated into tax-preparation software or IRS forms. For that reason, people using tax software should check with their provider for updates that include the revised Form 4136. Similarly, the IRS is now updating its systems and expects to begin accepting electronically-filed returns that include Form 4136 by March 3. The paper Form 4136 is now being accepted, but the IRS reminds affected taxpayers to consider filing electronically, which greatly reduces errors and speeds refunds.

IRS estimates this delay will affect approximately 77,000 farmers and fishermen who electronically file Form 1040 with Form 4136 in the early weeks of the filing season.

[mdmcfarland]

That is the deadline for farmers to file - no matter how they file. If you wait to efile those returns on March 3 and then find that it is delayed again you will have to get everyone back in to paper file. I went ahead and told my farmers with Form 4136 to paper file. I didn't want to chance it any longer.

[kcjenkins]

I think you missed the point, MD. They have extended the filing date, for efiled farmer's returns that have that form included.

[TAXMAN]

Some states have their estimated payments and penalities attached to the March 3 deadline. Has anyone heard if they also will extend date?