Kentucky farmers and fishermen can file and pay their 2012 state income taxes by April 15 instead of March 1st. The Kentucky Department of Revenue reports the six-week extension coincides with a similar IRS date change for federal taxes for farmers and fishermen thanks to the recently enacted American Taxpayer Relief Act.
Normally, farmers and fishermen who choose not to make quarterly estimated tax payments are required to file their returns and pay the full tax amount by March 1.
“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,” said Tom Miller, commissioner, Kentucky Department of Revenue. “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.”
A taxpayer qualifies as a farmer or fisherman if two-thirds of the taxpayer’s total gross income was from farming or fishing. Farmers and fishermen requesting this penalty waiver must attach Form 2210-K to their return and check the third box on the form.