Tax calendar for farmers

To help you stay on top of important tax dates.

January

17: Pay estimated income tax using Form 1040-ES.  If you do not pay estimated taxes, you must file your return by March 1 to avoid the under payment of estimated tax penalty.

31: Provide employees with W-2s.

31: Provide contractors, cash rent landlords, etc. with Form 1099 information statements for certain payments made during the prior year.

31: File Form 943, "Employer's Annual Tax Return for Agricultural Employees," to report Social Security and Medicare taxes, and withheld income taxes.  The actual due date for filing Form 943 is February 12, if the related taxes have been deposited in full and on time.

February

10: File Form 943 if not filed in January.

28: File 1099s with the IRS.

March

1: Farmers on calendar year reporting, that elected not to pay estimated tax, need to file their income tax return (Form 1040) and pay any tax due.

15: File calendar year corporation income tax return and pay tax due.

April

17: File individual income tax return and pay any tax due - if you (farmer) did not file by March 1.  
     - File calendar year partnership income tax return.
     - First installment of individual estimated income tax payment is due, if you are required to pay estimated income tax.

30: If you are liable for federal unemployment (FUTA) tax, deposit the tax owed through March, if more than $500.

June

15: Second installment of individual estimated income tax payment is due, if you are required to pay estimated income tax.

July

31: If you are liable for federal unemployment (FUTA) tax, deposit the tax owed through June, if more than $500.

September

17: Third installment of individual estimated income tax payment is due, if you are required to pay estimated income tax.

October

31: If you are liable for federal unemployment (FUTA) tax, deposit the tax owed through September, if more than $500.