27.3 Dates for Paying Estimated Tax Installments for 2011

The four installment dates for 2011 estimated tax are: April 15, 2011; June 15, 2011; September 15, 2011; and January 17, 2012. Later installments may be used to amend earlier ones (27.1). You do not have to file the January 17, 2012, voucher if you file your 2011 tax return and pay the balance of tax due by January 31, 2012.

If you use a fiscal year. A fiscal year is any year other than the calendar year. If you file using a fiscal year, your first estimated installment is due on or before the 15th day of the fourth month of your fiscal year. The second and third installments are due on or before the 15th day of the sixth and ninth months of your fiscal year with the final installment due by the 15th day of the first month of your next fiscal year.

Farmers and fishermen. Farmers only have to make one installment payment, generally by January 15 of the following year. The payment for 2011 must be made by January 17, 2012, or farmers may file their 2011 returns and pay the total tax due by March 1, 2012, instead of making an estimated tax payment. To qualify under these rules, a farmer must receive two-thirds of his or her 2010 or 2011 gross income from farming.

Fishermen who expect to receive at least two-thirds of their gross income from fishing pay estimated taxes as farmers do.

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