• Skip to primary navigation
  • Skip to main content
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Big Ideas for Small Business logo

Barbara Weltman

Big Ideas for Small Business, Inc.

Whitepaper download

Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."

This field is hidden when viewing the form
Get the:

  • Home
  • About Us
  • Big Ideas For Your Business
    • Idea Of The Day ®
    • SMB Legal
    • SMB Taxes
    • SMB Financial
    • Small Business
    • Newsletter Archive
  • Services
  • Books
  • Blog
  • Multimedia
    • Videos
    • Radio Shows/Podcasts
  • Be a Guest Blogger

Estimated Tax Relief for Those in Farming and Fishing

March 30, 2022 / By Barbara Weltman

Farmers or fishermen have only one required estimated tax installment due on January 15 of the year following the taxable year if at least two-thirds of the total gross income was from farming or fishing in either the taxable year or the preceding taxable year. If this estimated tax installment payment isn’t made, penalties are avoided if they file their return for the year by March 1. Some farmers and fishermen have been unable to electronically file Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, which may be required to be included in their 2021 federal income tax returns. Due to this inability to file electronically by the March 1, 2022, the IRS waived unpaid payment penalties if returns are filed by April 18, 2022 (April 19 if in Maine or Massachusetts). #IdeaoftheDay

Footer

Big Ideas for Small Business logo

Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

Contact Us

[email protected]

(772) 492-9593

gacor maxwin situs slot thailand terpercaya situs slot gacor situs gacor akun pro thailand slot bandar togel terpercaya

Latest Tweets

bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
July 2

Cash App, Zelle and Beyond: How to Choose a Money Transfer App https://bit.ly/3G9LEeq

Reply on Twitter 1940524229482402032 Retweet on Twitter 1940524229482402032 1 Like on Twitter 1940524229482402032 1 Twitter 1940524229482402032
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
July 2

Listen Before You Ask, Business & Personal

Reply on Twitter 1940509951228891259 Retweet on Twitter 1940509951228891259 1 Like on Twitter 1940509951228891259 1 Twitter 1940509951228891259
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
July 2

Mental Clarity: The Most Underrated Key to Business Growth During Tough Times https://bit.ly/443P627 #smallbusiness #leadership

Reply on Twitter 1940461314708492485 Retweet on Twitter 1940461314708492485 Like on Twitter 1940461314708492485 Twitter 1940461314708492485
Load More

Copyright © 2008–2025 Big Ideas for Small Business, Inc  |  Designed by Hudson Fusion

  • Privacy Policy
  • Sitemap