Wednesday, February 10, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found

Bear, please come home! Missing since October 22, 2014, black Manx cat (no tail), shy. Reward! Help him find his way home. 210-635-7560.
*Includes FREE photo online! mywcn.com/lostandfound

VideoMissing: Male Boxer, since evening of Jan. 4, Hwy. 97 West, rear of Promised Land Creamery, $500 REWARD. Call 830-391-2240 with information.
More Lost & Found ads ›

Help Wanted

Caregivers needed. Call 830-431-2389.
Warning: While most advertisers are reputable, some are not. Unfortunately the Wilson County News cannot guarantee the products or services of those who buy advertising space in our pages. We urge our readers to use great care, and when in doubt, contact the San Antonio Better Business Bureau, 210-828-9441, BEFORE spending money. If you feel you have been the victim of fraud, contact the Consumer Protection Office of the Attorney General in Austin, 512-463-2070.
More Help Wanted ads ›

Featured Videos





Video Vault ›
You’ve been granted free access to this subscribers only article.

Agriculture Today


Farmers, fishermen get penalty relief from IRS




E-Mail this Story to a Friend
Print this Story
February 20, 2013 | 4,337 views | Post a comment

WASHINGTON -- The Internal Revenue Service (IRS) announced in a Jan. 18 press release that it will issue guidance in the near future to provide relief from the estimated tax penalty for farmers and fishermen unable to file and pay their 2012 taxes by the Friday, March 1, deadline due to the delayed start for filing tax returns.

The delay stems from this month’s enactment of the American Taxpayer Relief Act. The Act affected several tax forms that are often filed by farmers and fishermen, including Form 4562, Depreciation and Amortization (Including Information on Listed Property). These forms will require extensive programming and testing of IRS systems, which will delay the IRS’s ability to accept and process these forms. The IRS is providing this relief because delays in the agency’s ability to accept and process these forms may affect the ability of many farmers and fishermen to file and pay their taxes by the March 1 deadline. The relief applies to all farmers and fishermen, not only those who must file late released forms.

Normally, farmers and fishermen who choose not to make quarterly estimated tax payments are not subject to a penalty if they file their returns and pay the full amount of tax due by March 1. Under the guidance to be issued, farmers or fishermen who miss the March 1 deadline will not be subject to the penalty if they file and pay by Monday, April 15. A taxpayer qualifies as a farmer or fisherman for tax-year 2012 if at least two-thirds of the taxpayer’s total gross income was from farming or fishing in either 2011 or 2012.

Farmers and fishermen requesting this penalty waiver must attach Form 2210-F to their tax return. The form can be submitted electronically or on paper. The taxpayer’s name and identifying number should be entered at the top of the form, the waiver box (Part I, Box A) should be checked, and the rest of the form should be left blank. Forms, instructions, and other tax assistance are available on IRS.gov.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Agriculture Today Archives


Coupons ag-right
Heavenly Touch homeVoncille Bielefeld homeEast Central Driving SchoolTriple R DC ExpertsAllstate & McBride Realty

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.