Magic City Morning Star

Advertising | RSS Feed | About Us 

Last Updated: Sep 10, 2014 - 2:08:00 AM 

An eclectic mix of news and information
Staff Login
Donate towards our web hosting bill!

Front Page 
  News
  -- Local
  -- State
  -- National
  Community
  Business
  -- IRS News
  -- Win at Work
  Education
  -- History
  Tech Notes
  Entertainment
  -- Comics
  International
  -- R.P. BenDedek
  -- Kenneth Tellis
  Outdoors
  Sports
  Features
  -- M Stevens-David
  -- Down the Road
  Christianity
  Today in History
  Opinion
  -- Editor's Desk
  -- Guest Column
  -- Scheme of Things
  -- Michael Devolin
  -- Tom DeWeese
  -- Ed Feulner
  -- Jim Kouri
  -- Julie Smithson
  -- J. Grant Swank
  -- Doug Wrenn
  Letters
  Agenda 21
  Book Reviews
  -- Old Embers
  Notices
  Archive
  Discontinued


Web Directory Reviews
WDR Directory of Directories
Restore The Republic - The Home of the Freedom Movement!

IRS News

Form 4136 Revised; Some Farmers, Fishermen Have Until March 10 to E-File, IRS Says
By Peggy Riley
Mar 7, 2008 - 10:53:45 AM

Email this article
 Printer friendly page

WASHINGTON, D.C. -- Agricultural industry taxpayers, farmers and fishermen, who electronically file Form 1040 returns with Form 4136, Credit for Federal Tax Paid on Fuels, must wait until March 3 to e-file the newly-revised Form 4136.

Normally, 1040 filers who are farmers or fishermen are not required to make an estimated tax payment if they file their return and pay all taxes due by March 1. But this year, because March 1 falls on a Saturday, the date extends to Monday, March 3. For eligible farmers and fishermen who attach Form 4136 to their Form 1040, the return will be considered timely filed with all tax paid if the return is e-filed and accepted on or before March 10 and all tax due is paid on or before March 10.

This delay does not affect farmers and fishermen who are not attaching Form 4136. Likewise, paper filers, whether or not they are attaching Form 4136, are also not eligible for the extra time.

Form 4136 has been updated to reflect changes relating to the Leaking Underground Storage Tank tax, which was part of theTax Technical Corrections Act of 2007, enacted Dec. 29.

The late-December enactment means that reporting procedures for this law change were not incorporated into tax-preparation software or IRS forms. For that reason, people using tax software should check with their provider for updates that include the revised Form 4136.

Similarly, the IRS is now updating its systems and expects to begin accepting electronically-filed returns that include Form 4136 by March 3. The paper Form 4136 is now being accepted, but the IRS reminds affected taxpayers to consider filing electronically, which greatly reduces errors and speeds refunds.

IRS estimates this delay affects approximately 77,000 farmers and fishermen who electronically file Form 1040 with Form 4136 in the early weeks of the filing season. Publication 505, Tax Withholding and Estimated Tax, has more information on the special estimated tax rules for farmers and fishermen.


© Copyright 2002-2014 by Magic City Morning Star

Top of Page

IRS News
Latest Headlines
Reps. Michaud and Denham Introduce "IRS Rulemaking Fairness Act"
Check Withholding to Avoid a Tax Surprise, IRS Advises
Prepare for Hurricanes by Safeguarding Tax Records
IRS Launches Tax Return Preparer Review; Recommendations to Improve Compliance Expected by Year End
IRS Offers Summer Tax Tips

A Dinosaur of Education - a blog by James Fabiano.
Shobe Studios
Wysong Foods - Pets and People Too

Google
 
Web magic-city-news.com