Tag Archives: farmers and fishermen

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

Working the system makes the system unworkable, by Ronald Smolowitz

mkAs the owner of Coonamessett Farm in Falmouth and a partner at the Woods Hole Oyster Co., I spend as much time navigating regulatory hurdles as I do tending the farm or going to sea. Many farmers and fishermen have similar fights with overbearing bureaucracy, something likely to become more common as the noose of government regulations tightens.,,Things aren’t much better out at sea. I do a substantial amount of research for the scallop industry, and sustainability is the key reason scallop management is a continued successes. Through a system of rotational management, certain zones are fished while others are left off-limits to allow them to repopulate. Much as with farmland, this system allows the resources to remain sustainable. Read the article, Click here 09:47