e-News for Small Business Issue 2019-04

 

e-News for Small Business February 28, 2019
Tax Resources for Small Business Small Business and Self-Employed One-Stop Resource Small Business Forms & Instructions Small Business Events Small Business Webinars e-File for Businesses and Self-Employed Businesses with Employees Small Business Products Self-Employed Individuals S Corporations Other Resources IRS.gov Find it Fast! All Forms and Instructions Filing Your Taxes Make a Payment Taxpayer Advocate Service Retirement Plans Tax Information for Charities and Other Non-Profits State Links SSA/IRS Reporter IRS Social Media	e-News for Small Business, Issue 2019-04 IRS waives estimated tax penalty for farmers, fishermen who file tax returns and pay tax by April 15 Tax season tip: Avoid the rush and get a tax transcript online 1.  IRS waives estimated tax penalty for farmers, fishermen who file tax returns and pay tax by April 15 February 28, 2019 WASHINGTON — The Internal Revenue Service will waive the estimated tax penalty for any qualifying farmer or fisherman who files his or her 2018 federal income tax return and pays any tax due by Monday, April 15, 2019. The deadline is Wednesday, April 17, 2019, for taxpayers residing in Maine or Massachusetts. The IRS is providing this relief because, due to certain rule changes, many farmers and fishermen may have difficulty accurately determining their tax liability by the March 1 deadline that usually applies to them. For tax year 2018, an individual who received at least two-thirds of his or her total gross income from farming or fishing during either 2017 or 2018 qualifies as a farmer or fisherman. See complete IRS news release. Additional information: Fact sheet on what's new for farmers in 2018. Tax tip on how tax reform affects farmers and ranchers. Tax tip on how tax reform changes to depreciation deduction affect farmers' bottom line.                               Back to top 2.  Tax season tip: Avoid the rush and get a tax transcript online The Internal Revenue Service reminds small business and self-employed taxpayers who need their prior-year tax records to complete their 2018 tax returns to use Get Transcript Online or Get Transcript by Mail. Both online options are faster and more convenient than a call or visit to the IRS to retrieve tax transcripts. Back to top             Thank you for subscribing to this IRS e-mail service. This message was distributed automatically from the mailing list e-News For Small Business. Please Do Not Reply To This Message.

 

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