Quickbooks, Bookkeeping and Accounting Blog

Farmers and fishermen who file Form 1040 returns electronically with Form 4136 (Credit for Federal Tax Paid on Fuels) have to wait until March 3rd to e-file Form 4136, which has been revised to reflect changes related to the Leaking Underground Storage Tank tax (part of the Tax Technical Corrections Act of 2007, which was enacted December 29, 2007).

Normally, farmers and fishermen who file Form 1040 do not have to make estimated tax payments if they file their return and pay taxes due by March 1st (March 3rd this year since March 1st is a Saturday). This year, however, farmers and fishermen who attach form 4136 and who e-file do not have to file and pay taxes due until March 10th.

This delay does not apply to those farmers and fishermen who are not e-filing and/or who are not attaching Form 4136.