Source: IRS QuickAlerts February 28, 2019
The
IRS is granting an extension of the March 1st deadline for farmers
and fishermen to make their estimated tax payment before being
subject to estimated tax penalties – as long as they file and pay
the full amount of tax reported on their 2018 return by April 15,
2019.
• To
claim the waiver of the estimated tax penalty, farmers and fishermen
must attach Form 2210-F, Underpayment of Estimated Tax by Farmers and
Fishermen, to their 2018 tax return. The taxpayer’s name and
identifying number should be entered at the top of the form, and the
waiver box (Part I, Box A) should be checked. The rest of the
form should be left blank.
• This
relief will expand the number of taxpayers eligible for filing the
Form 2210-F using checkbox A and will not require calculations or an
attachment.
• Farmers
or fishermen who qualify for the relief include: Those who did not make the required estimated tax installment payment by
January 15, 2019 AND who
file and pay the full amount of tax reported on their 2018 return by
April 15, 2019.
