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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Typically, taxpayers must make periodic payments throughout the year toward the tax that they will owe. However, farmers are allowed an exception to this. Specifically, if a farmer files the return by the farmer due date and pays all tax owed by that date, the taxpayer will be excused from any underpayment penalty calculated by Schedule IT-2210. Typically, the farmer due date is March 1 or the first business day thereafter if March 1 falls on a weekend or holiday.
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