March 1 deadline looms for farmers & fishermen

Attention farmers and fishermen: If you didn’t make quarterly estimated payments in 2016, the IRS reminds you that you have until March 1, 2017, to file your 2016 Form 1040 return, or face being subject to a penalty. These special rules allow farmers and fishermen to forgo making estimated tax payments. Those who don’t file their tax returns by March 1 should have made the estimated payment by January 17, 2017, to avoid the penalty. Contact us immediately to file a return.