March 1 is Tax Deadline for some Farmers and Fishermen

Most Americans think of April 15 as the tax deadline, but for many farmers and fishermen, there’s another deadline and it’s almost here. Wednesday, March 1 is the 2017 deadline for taxpayers with income from farming and fishing to file their 2016 Form 1040 and pay the tax due to avoid making estimated tax payments. This rule generally applies if farming or fishing income was at least two-thirds of the total gross income in either the current or the preceding tax year. Since 2014, IRS Direct Pay has offered individual taxpayers an easy way to quickly pay the tax amount due or make quarterly estimated tax payments directly from checking or savings accounts without any fees or pre-registration. Continue reading the rest here with external links 13:55