Publication 225 - Farmer's Tax Guide - Estimated Tax Penalty for 2012

Publication 225

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Estimated Tax Penalty for 2012

If you do not pay all your required estimated tax for 2012 by January 15, 2013, or file your 2012 return and pay any tax due by March 1, 2013, you should use Form 2210-F, Underpayment of Estimated Tax by Farmers and Fishermen, to determine if you owe a penalty. See the instructions for Form 2210-F.

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Figure 15-1. Estimated Tax for Farmers

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Figure 2–A

If you receive a penalty notice, do not ignore it, even if you think it is in error. You may get a penalty notice even though you filed your return on time, attached Form 2210-F, and met the gross-income-from-farming requirement. If you receive a penalty notice for underpaying estimated tax and you think it is in error, write to the address on the notice and explain why you think the notice is in error. Include a computation similar to the one in Example 1 (earlier), showing that you met the gross income from farming requirement.

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Estimated Tax Penalty for 2012(p85)