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Tax note for fishers, farmers

Farmers and fishers who chose to forgo quarterly estimated tax payments must file their 2018 1040 form along with a payment for all taxes owed by March 1, according to the Internal Revenue Service.

This special rule normally applies to taxpayers whose farming or fishing income was at least two-thirds of their total gross income in either the current or the preceding tax year.

Farmers and fishers choosing not to file by March 1 should have made an estimated tax payment by Jan. 15 to avoid a penalty.

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