The IRS reminded those with income from a farming or fishing business that they should file and pay their entire tax due on or before Tues., March 1, if they didn’t make estimated tax payments. Farmers and fishers who decided to forgo making estimated tax payments have the option to pay the entire tax due on or before March 1. Normally, this special rule applies when income from farming or fishing makes up at least ⅔ of the total gross income in either the current or the preceding tax year. Those opting to file by the regular April 18 deadline should have made an estimated tax payment by Jan. 15 to avoid an estimated tax penalty. For more details: https://bit.ly/3oWZHIs
