One of the many special tax provisions that has applied only to qualified farmers is the relief from estimated tax requirements. A qualified farmer, who is a calendar year taxpayer, can avoid the estimated tax payment penalty by filing an estimated tax payment by Jan. 15, or paying 100% of the tax by March 1.
In this Cornhusker Economics article, Nebraska Farm Business, Inc. Director Tina Barrett discusses payment options available to farmers for the upcoming tax season.
