Irs notice 2026 24 farmer fisherman underpayment penalty waiver featured
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IRS Notice 2026-24: Farmer & Fisherman Underpayment Penalty Waiver Explained %sep% %sitename%

BySW Accounting admin

Does IRS Notice 2026-24 waive the underpayment penalty for farmers and fishermen? Yes — the farmer fisherman underpayment penalty waiver 2026 provided under IRS Notice 2026-24 waives the addition to tax under IRC §6654(a) for qualifying farmers and fishermen who did not make estimated tax payments for the 2025 tax year, provided they file their…

A professional and clean infographic illustrating a common tax mistake. On the left, a green checkmark next to 'Extension to File' pointing to a calendar in October. On the right, a big red 'X' next to 'Extension to Pay' pointing to a bag of money with a penalty symbol, with the original April 15 deadline.

Filed a Tax Extension? Don’t Make This $1,000 Mistake of Paying Penalty

BySW Accounting admin

  Filed a Tax Extension? That’s great! But did you know you still have to pay by April 15? Let’s dive into the most expensive misconception about tax extensions. It’s a story I see all the time, especially with self-employed folks. You have a fantastic, profitable year. You’re organized, so you file your tax extension…