Notice 2026-24: Relief from addition to tax for underpayment of estimated income tax for farmers and fishermen
Must file return and pay tax due by April 15, 2026
The IRS today released Notice 2026-24, providing a waiver of the addition to tax under section 6654 for underpayment of estimated income tax for individual farmers and fishermen who, by April 15, 2026, file a calendar-year 2025 federal income tax return and pay in full any tax reported as due on the return.
For more information, contact a KPMG tax professional in Washington National Tax:
Vish Amin | vamin@kpmg.com