1040-IN: Schedule IT-2210 - Farmer due date

Alerts and notices

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.

On Screen INPen, enter the current-year and prior-year income attributable to farming, as well as the date filed. If the date is on or before the farmer due date and at least 2/3 of the income is attributable to farming, the exception for Schedule IT-2210 is generated.

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