Rev. date: 1/1/2011
If you are a calendar year taxpayer and at least two-thirds of your gross
income for 2009 or 2010 is from farming or fishing, you have only one payment
due date for your 2010 estimated tax, January 15, 2011. The due dates for the
first three payment periods, discussed under When To Pay Estimated Tax in
Publication 505, Tax Withholding and Estimated Taxes, do not apply to you.
You will follow the general estimated tax rules except that you substitute
66-2/3% for the “90%” of the tax shown on your current year’s
tax return.
If you are a calendar year taxpayer and you file your 2010 Form 1040 by March 1,
2011, you do not need to make an estimated tax payment if you pay all the tax
you owe at that time. If March 1, 2011 falls on a weekend or legal
holiday you have until the next business day to pay all the tax you owe.
Fiscal year farmers and fishermen. If you are a farmer or fisherman, but your tax
year does not start on January 1, you can either:
- Pay all your estimated tax by the 15th day after the
end of your tax year, or
- File your return and pay all the tax you owe by the 1st
day of the 3rd month after the end of your tax year.
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