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The Internal Revenue Service reminds farmers and fishermen tax deadline of 2nd march for the taxation season 2020 in the United States. Many farmers and fishermen, who opt to forgo making quarterly estimated tax payments to the IRS, are now required to file their returns before the deadline. In this regard, farmers and fishermen in USA must file their 2019 Form 1040 along with the payment of tax return to the IRS before the deadline of Monday, March 2, 2020. Black Ink presents accurate & on-time quarterly returns preparation services in USA. We have specially customized packages of return filing for farmers and fishermen that save their income by our low-cost & high-quality return filing services.
Why Do Farmers & Fishermen Have To File Taxes Early In USA?
Taxpayers with the income from farming or fishing are required to file a little bit early than other taxpayers in the United States. This special rule is applied to only those farmers and fishermen whose farming or fishing income was at least two-thirds of their total gross income in either the current or the previous tax year. By both filing and paying all taxes due by March 2, 2020, the estimated tax penalty can be avoided by the farmers and fishermen. Contact Us to get the best & reliable quarterly tax preparation services throughout United States.
What Is The Tax Filing Deadline For Farmers & Fishermen?
The farmers & fishermen in USA are required to file their Form 1040 along with filing of quarterly estimated returns by March 2, 2020. On the other hand, those farmers and fishermen who decided to make an estimated tax payment, either on or prior to January 15, 2020, can rather wait and file by the regular deadline of April 15, 2020. Check complete list of tax filing deadlines in USA & be a part of Black Ink’s Blog Family.
Do Farmers and Fishermen Pay Quarterly Taxes in USA?
If the income of farmers and fishermen is equal to at least two-thirds of their total gross income in either the current or the preceding tax year, then those are required to file estimated quarterly returns payment to the IRS along with filing Form 1040.
Can Farmers And Fishermen File An Extension?
The farmers and fishermen can get tax extension by file their estimated tax payment by the regular April 15 deadline. If they chose to make an estimated tax payment, on or before Jan. 15, 2020, they can file by 15th April, 2020.
Get Black Ink’s Help to File Your Taxes:
Farmers and fishermen in the United States must file their estimated quarterly returns to the IRS; otherwise the IRS penalties are really strict. Take advantage of our tax preparation services in USA that have excellent speed, quality, compliance, convenience and security. Our online e-filing of tax returns can help the taxpayers to file their taxes in this short duration for the deadline to reach. With our e-filing of tax service, you can also become eligible to get your fastest refund in USA. For any other details, feel free to request callback to our representative and we will get back to you with solutions to all your tax problems in States.