Minnesota farmers and fishermen who elect not to make quarterly estimated tax payments will not be subject to penalty on the underpayment of estimated tax if they file their Minnesota income tax returns and pay the tax due in full by April 15, 2013. Farmers and fishermen would normally avoid the penalty by filing and paying their tax in full by March 1.
The April 15 extension is due to last-minute changes made by Congress, which affected the IRS's ability to accept and process the forms. The relief from the penalty for failure to file and pay estimated tax is for all farmers and fishermen, not only those who must use the late-released forms. Farmers and fishermen requesting this relief federally must attach Form 2210-F to their tax return. The Minnesota Department of Revenue does not require that any action be taken beyond what is required by the IRS. A taxpayer qualifies as a farmer or fisherman for tax-year 2012 if at least two-thirds of the taxpayer's gross income (joint total gross income of both spouses, if filing a joint return) was from farming or fishing in either 2011 or 2012.