The IRS will issue guidance soon to provide relief from the estimated tax penalty for farmers and fishermen unable to file and pay their 2012 taxes by the 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, which affected several tax forms often filed by farmers and fishermen, including Form 4562, Depreciation and Amortization (Including Information on Listed Property).
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