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Farmers who choose not to make quarterly  
By unflpatriot on Jan 15, 2014 02:03 AM
Farmers who choose not to make quarterly estimated income tax payments normally must file their federal and state income tax returns and pay the full amount of taxes due by March 1. Internal Revenue Service has delayed accepting many tax ugg boots uk returns this year, the Missouri Department of Revenue state income tax extension was needed.

Congress on Jan. 2 passed ugg uk legislation raising taxes for some and making other changes to the 2012 tax code. This required extensive tax form revisions and caused the IRS to delay acceptance of tax returns from taxpayers making use of many common deductions, such as interest on mortgages.

Because of the delays, the IRS announced last week it will extend the deadline for farmers to pay income taxes until April 15, the same deadline for most other taxpayers.

The Missouri Department of Revenue and the IRS have both extended the income tax deadline for farmers from March 1 to April 15.

If eligible farmers miss the March 1 filing deadline they normally would be subject to penalties. But both the federal government and the state of Missouri this year have decided not to impose any underpayment penalties for farmers missing the March www.cheapestbootuksaler.co.uk 1 deadline.

Brian K. Long, director of the Missouri Department of Revenue, said the decision gives many Missouri farmers, and a smaller number of fishermen, additional time to file their income taxes.

A taxpayer qualifies as a farmer or fisherman for the ugg boots sale uk 2012 tax year if at least two thirds of the filer's total gross income was from farming or fishing in either 2011 or 2012.

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