The "safe harbor" provision for underpayment of taxes says you don't have to pay a penalty if the amount of your withholding and estimated tax is at least as much as you paid the previous year, OR if withholding/estimated tax is at least 90 percent of your total taxes, OR if you end up owing the IRS less than $1000.
I'm going to assume that your off-farm job accounts for most of your income. If you got money back on your 2012 return and you haven't changed your withholding, you're probably OK. But if you owed the IRS for 2012 and you didn't increase your withholding, you might have a penalty to pay if you don't change something. It's a little late in the year to increase your withholding, but if you think you might owe something I suggest you go ahead and do so now. It will be less painful than making a big estimated tax payment in January.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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