| Industry Issues / Estimated tax payments-Farmers |  |
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| A person for whom
at least 66 2/3 % of gross income for the current or preceding tax year
comes from farming doesn't have to pay estimated tax if he files his
return and pays the tax on or before Mar. 1 of the following year. If he
doesn't file and pay on or before Mar. 1 he need only make one estimated
tax payment for the year, which is due on or before Jan. 15 of the next
tax year. Also, he substitutes 66 2/3% for 90% in the required
installment calculation.
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