ATTENTION Farmers and Fishermen – The IRS issued more relief for farmers and fishermen waiting to receive corrected premium tax credit forms (Forms 1095-A)
The IRS will give farmers and fishermen who are waiting to receive a corrected Form 1095-A relating to the health insurance premium tax credit until April 15 to file their tax returns and avoid penalties for failing to make 2014 estimated tax payments. Generally farmers and fishermen who file by March 1 are not required to make quarterly estimated tax payments throughout the year.
Generally for 2014 you can qualify as a farmer or fisherman if at least 2/3’s of your total gross income was from farming or fishing in either 2013 or 2014.
For more information, see IR-2015-36