Underpayment of Estimated Income Tax by Individual Farmers and Fishermen

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 (or by April 17, 2019, for those taxpayer who live in Maine or Massachusetts).

To claim the waiver of the estimate tax penalty, you must attach Form 2210 to their 2018 tax return.