The Farmer 2/3 Rule

Can you skip quarterly estimated taxes?
Course #: FN-025
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Field Note Description

Most business owners pay estimated taxes four times a year — but qualified farmers can skip the quarterly grind and settle up just once. The catch is a single fraction: whether two-thirds of your income comes from farming. This Field Note shows you what counts as farm income, what surprisingly doesn’t, and exactly what to ask your preparer to see whether the break is yours this year.