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Internal Employees
This calculator computes whether or not your client qualifies for the farmer's calculation of estimated tax (IRS Form 2210-F).
Note: Your client's gross income from farming must be at least 2/3 of total income.
Example
Your client works during the winter as an employee at a nonfarming job and works on his farm during the rest of the year. Does he qualify for the estimated tax benefits afforded to farmers?
| Field | Input |
|---|---|
| Gross Income section | |
| All wages | $15,000 |
| Dividend income | $1,200 |
| Schedule F Gross income | $80,000 |
| Gross Farm Income section | |
| Schedule F Gross income | $80,000 |
In this example, your client qualifies for the farmer's calculation of estimated tax because the farming gross income is more than 2/3 of total income. The gross farming income is 83.1601% of total income.
Note: All gross farm income must be entered in both the Gross Income section and the Gross Farm Income section.