File Your Return After March 1 Not Before!
If you file your return on or before March 1, 2013, you must also payyour tax on or before March 1. If you file on March 1 and then pay your tax on April 15, you most likely will be subject to the penalty.
Therefore, to file and pay your tax without the penalty, make sure to file between March 2 and April 15, 2013. Otherwise, you may owe a penalty you were not counting on.
Paul Neiffer CPA
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
Paul, I have not seen this information anywhere else. Everything I have read says that farm returns are extended to 4-15-2013. Since the 4562 is going to be available to efile on 2-10, I am hesitant to file the farm returns as I have advised my clients their payment is not due until 4-15-2013. Could you please give me the source of your information? Thank-you!