Relief from Addition to Tax for Underpayment of Estimated Income Tax by Individual Farmers and Fishermen -- 01-MAR-2019


Due to certain changes in the rules that affect farmers and fishermen, the Treasury Department and IRS anticipate that farmers and fishermen may have difficulty accurately determining and paying their tax liability for the 2018 taxable year by March 1, 2019.  Accordingly, the IRS is providing relief to individual taxpayers who are farmers or fishermen by waiving certain penalties.
The IRS will waive the estimated tax penalty for any qualifying farmer or fisherman who properly files Form 2210-F with his or her 2018 federal income tax return and pays any tax due by Monday, April 15, 2019 (by Wednesday, April 17, 2019, for taxpayers residing in Maine or Massachusetts). See Notice 2019-17 (PDF) and the updated Instructions for Form 2210-F (PDF) for more details