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Information about Form 2210-F, Underpayment of Estimated Tax By Farmers and Fishermen, including recent updates, related forms, and instructions on how to file. Those with at least 2/3rds of annual income from farming/fishing use Form 2210-F to determine any penalty for underpaying estimated tax.

Information about Publication 51, (Circular A), Agricultural Employer's Tax Guide, including recent updates and related forms. Publication 51 contains information on Social Security and Medicare taxes, FUTA, and withheld income tax for agricultural labor for employers of agricultural workers.

Information about Schedule J (Form 1040), Income Averaging for Farmers and Fishermen, including recent updates, related forms and instructions on how to file. Use Schedule J to figure your income tax by averaging all or part of your taxable income from your trade or business of farming or fishing.

IR-2022-166, September 28, 2022 ¡ª The Internal Revenue Service is reminding farmers and ranchers in applicable regions forced to sell livestock because of drought conditions that they may have more time to replace their livestock and defer tax on any gains from the forced sales.

This article contains links to forms and publications of interest to farmers.

Information about Schedule F (Form 1040), Profit or Loss From Farming, including recent updates, related forms, and instructions on how to file. Use Schedule F (Form 1040) to report farm income and expenses.