Notice 2013-5 - Estimated tax penalty relief for farmers, fishermen 

January 29: The IRS today released an advance copy of Notice 2013-5 providing penalty relief for underpayment of estimated taxes for certain farmers and fishermen due to the delayed start for filing 2012 tax year returns.

Read today’s release: Notice 2013-5 [PDF 13 KB]


The IRS earlier this month announced that it would issue guidance to provide relief from the section 6654 estimated tax penalty for farmers and fishermen who are unable to file and pay their 2012 taxes by the deadline of March 1, 2013, because of the delay caused by the recent enactment of the American Taxpayer Relief Act.


Notice 2013-5 states that the IRS will waive the section 6654 penalty for farmers and fishermen who are unable to file and pay the tax by March 1, 2013, provided that they file and pay the tax by April 15, 2013.



For more information, contact KPMG’s National Director of Cooperative Tax Services:


David Antoni, in Philadelphia

(267) 256-1627


Or Associate National Director of KPMG’s Cooperative Tax Services


Brett Huston, in Sacramento


(916) 554-1654




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