NEWS
Ag Policy Blog
Chris Clayton DTN Ag Policy Editor
Fri Jan 18, 2013 04:33 PM CST

The IRS announced Friday the agency will waive the normal estimated-tax penalty for farmers and fisherman unable to file and pay their 2012 taxes by the March 1 deadline.

The agency will issue guidance to waive the penalties due to the delayed start for filing tax returns.

Sen. Charles Grassley, R-Iowa, had written the IRS earlier this week asking for the waiver. The filing delay was due to Congress and President Barack Obama failing to come to terms on income-tax increases until the last of December.

“This is good news," Grassley declared in a memo Friday. "Farmers shouldn’t face ...

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