Bookmark and Share [ [link removed] ]
a { color:#0073AF !important;} a:hover { color:#004673 !important;} <!-- body { font-family: arial; } p { font-size: 12px; } li { font-size: 12px; } h2 { font-size: 24px; font-style: italic;} -->
IRS.gov Banner
IRS Newswire February 27, 2025
News Essentials
What's Hot [ [link removed] ]
News Releases [ [link removed] ]
IRS - The Basics [ [link removed] ]
IRS Guidance [ [link removed] ]
Media Contacts [ [link removed] ]
Facts & Figures [ [link removed] ]
Around The Nation [ [link removed] ]
e-News Subscriptions [ [link removed] ]
________________________________________________________________________
The Newsroom Topics
Multimedia Center [ [link removed] ]
Noticias en Español [ [link removed] ]
Radio PSAs [ [link removed] ]
Tax Scams [ [link removed] ]
The Tax Gap [ [link removed] ]
Fact Sheets [ [link removed] ]
IRS Tax Tips [ [link removed] ]
Armed Forces [ [link removed] ]
Latest News Home [ [link removed] ]
________________________________________________________________________
IRS Resources
Contact My Local Office [ [link removed] ]
Filing Options [ [link removed] ]
Forms & Instructions [ [link removed] ]
Frequently Asked Questions [ [link removed] ]
News [ [link removed] ]
Taxpayer Advocate [ [link removed] ]
Where to File [ [link removed] ]
IRS Social Media [ [link removed] ]
________________________________________________________________________
Issue Number: IR-2025-27
Inside This Issue
________________________________________________________________________
*IRS: Many farmers and fishers face March 3 tax deadline; disaster areas have more time*
WASHINGTON — The Internal Revenue Service today reminded farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2024 federal income tax return and pay all taxes due by March 3, 2025. Because it’s on Saturday this year, the usual March 1 deadline is pushed back two days to Monday, March 3.
The special March 3 deadline allows farmers and fishers to avoid any estimated tax penalties. Though several tax-payment options are available, the IRS urges farmers and fishers to consider the quick, easy and free option of paying taxes electronically from their bank account using either their IRS Online Account [ [link removed] ] or IRS Direct Pay [ [link removed] ]. IRS Online Account and IRS Direct Pay are available only on IRS.gov.
The special March 3, 2025, deadline applies to anyone who qualifies as a farmer or fisher and did not make a 2024 estimated tax payment by Jan. 15, 2025. Those who made a qualifying payment by that date can wait until the regular April 15, 2025, deadline to file and pay and still avoid estimated tax penalties. See Publication 505, Tax Withholding and Estimated Tax [ [link removed] ], for details.
For this purpose, a farmer or fisher is anyone who received at least two-thirds of their gross income from farming or fishing during either 2023 or 2024.
*Special rules for disaster areas*
Disaster-area taxpayers, including farmers and fishers, have more time to file and pay. This extension is automatic; taxpayers don’t need to file any paperwork or call the IRS to get it.
Currently, taxpayers in the entire states of Alabama [ [link removed] ], Florida [ [link removed] ], Georgia [ [link removed] ], North Carolina [ [link removed] ] and South Carolina [ [link removed] ], and parts of Alaska [ [link removed] ], New Mexico [ [link removed] ], Tennessee [ [link removed] ], Virginia [ [link removed] ] and West Virginia [ [link removed] ] have until May 1, 2025, to file and pay.
Like other taxpayers, these disaster-area taxpayers who need more time to file, beyond May 1, can get it by requesting an extension [ [link removed] ] to Oct. 15, 2025. But because this extension request only gives them more time to file, any tax payments are still due by May 1.
Electronically-filed extension requests must be made by April 15. Between April 15 and May 1, the request can only be filed on paper. To learn how, visit IRS.gov/extensions [ [link removed] ].
In addition, California [ [link removed] ] wildfire victims have until Oct. 15, 2025, to file and pay. Likewise, taxpayers throughout Kentucky [ [link removed] ] have until Nov. 3, 2025, to file and pay. No extension beyond these dates is available.__
*Paying online is safe, fast and easy*
IRS Online Account [ [link removed] ] allows individual taxpayers to make same-day payments from a checking or savings account. Taxpayers can also see their payment history, balance and payment plan information, and digital copies of many notices sent from the IRS.
Alternatively, taxpayers can use IRS _Direct Pay [ [link removed] ]_ to make or schedule a payment from their bank account with no registration or login required. Those who need to pay business taxes through the Electronic Federal Tax Payment System (EFTPS) [ [link removed] ] can also choose to use this system to make their individual income tax payments.
For more information about these and other payment options, visit IRS.gov/payments [ [link removed] ].
*Forms and publications to use*
*Farmers *
* Use Schedule F (Form 1040), Profit or Loss From Farming [ [link removed] ]_,_ to report income and expenses.
* Use Schedule SE (Form 1040), Self-Employment Tax [ [link removed] ]_,_ to figure self-employment tax if net earnings from farming are $400 or more.
* See Topic No. 554, Self-Employment Tax [ [link removed] ], Publication 225, Farmer's Tax Guide [ [link removed] ]_,_ and Agriculture Tax Center [ [link removed] ] for more information.* *
*Fishers *
* Use* *Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship) [ [link removed] ], to report income and expenses.
* Use Schedule SE (Form 1040), Self-Employment Tax [ [link removed] ]_,_ to figure self-employment tax if net earnings from fishing are $400 or more.
* See Publication 334, Tax Guide for Small Business [ [link removed] ], for commercial fishers who file Schedule C.
*Related items*
* For farmers and fishers operating as a partnership or corporation see Publication 541, Partnerships [ [link removed] ], or Publication 542, Corporations [ [link removed] ].
* For information on estimated tax, see Publication 505, Tax Withholding and Estimated Tax [ [link removed] ], and Topic No. 416, Farming and Fishing Income [ [link removed] ].
* Publication 5034, Need to Make a Payment? [ [link removed] ], (English and Spanish).
Back to Top [ #Fifteenth ]
________________________________________________________________________
FaceBook Logo [ [link removed] ] YouTube Logo [ [link removed] ] Instagram Logo [ [link removed] ] Twitter Logo [ [link removed] ] LinkedIn Logo [ [link removed] ]
________________________________________________________________________
Thank you for subscribing to the IRS Newswire, an IRS e-mail service.
If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe [ [link removed] ].
This message was distributed automatically from the mailing list IRS Newswire. *Please Do Not Reply To This Message.*
________________________________________________________________________
Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page [ [link removed] ]. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com [ [link removed] ].
This service is provided to you at no charge by the Internal Revenue Service (IRS) [ [link removed] ].
body .abe-column-block {min-height: 5px;} ________________________________________________________________________
This email was sent to
[email protected] by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535 GovDelivery logo [ [link removed] ]
body .abe-column-block { min-height: 5px; } table.gd_combo_table img {margin-left:10px; margin-right:10px;} table.gd_combo_table div.govd_image_display img, table.gd_combo_table td.gd_combo_image_cell img {margin-left:0px; margin-right:0px;}
