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State income tax filing date extended for farmers, fishermen

February 18, 2013 | | Comments Comments

HERALD-LEADER FRANKFORT BUREAU

FRANKFORT — Kentucky farmers and fishermen can file and pay their 2012 state income taxes by April 15 instead of March 1 this year, the Kentucky Department of Revenue said Monday.

The six-week extension parallels a similar IRS date change for federal taxes for farmers and fishermen, after the passage of the recently enacted American Taxpayer Relief Act.

“Our state’s farmers and fishermen have experienced a difficult year. Many of them suffered through tornadoes, damaging winds, and drought – all of which can take a toll on their small businesses,” state Revenue Commissioner Tom Miller said in a statement.

“We want to make sure they have time to gather all the information they need to make a fair accounting of their work this year. The Department of Revenue often coordinates its tax form numbers and filing dates with ones used by the IRS, and we are happy to extend this filing date for our state’s farmers and fishermen.”

Normally, farmers and fishermen who elect not to make quarterly estimated tax installment payments are required to file their returns and pay the full amount of tax due by March 1. If they do not comply, they are subject to a penalty.

Because of latechanges made by Congress which affected several federal tax forms, the IRS is extending that deadline to April 15 this year.

A taxpayer qualifies as a farmer or fisherman for tax year 2012 if two-thirds of the taxpayer’s total gross income was from farming or fishing for either 2011 or 2012.

Farmers and fishermen requesting this penalty waiver must attach Form 2210-K to their return and check the third box on the form.

Filed Under: State GovernmentSteve Beshear

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