The Missouri Department of Revenue is providing relief from possible penalties to farmers and fishermen who have not filed and paid their state income taxes by March 1. The IRS will consider the tax returns from farmers and fishermen to be timely until April 15, even if they make quarterly estimated payments. They have also decided not to impose any underpayment penalties for missing the deadline. A taxpayer qualifies as a farmer or fishermen for Tax Year 2012 if at least two-thirds of the filer’s total gross income was from farming or fishing in either 2011 or 2012. For more information go to dor.mo.gov/personal/individual.
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