For U.S. citizens or resident aliens, the rules for filing income tax returns and paying estimated tax are generally the same whether taxpayers are in the U.S. or abroad. All worldwide income is potentially subject to U.S. income tax. For U.S. citizens living oversea, there are additional filing requirements/deadlines that need to be addressed. Please see below for a summary of the most important tax deadlines.
Original due date *
Extended due date *
|April 15||· June 15 – Expat filing deadline. The IRS grants expats living abroad an automatic 2-month extension on their U.S. expat taxes. However, if there are taxes due, the tax payment still needs to be paid before April 15th to prevent interest from accruing beginning April 15th.
· October 15 – Final tax deadline IF taxpayers have previously filed an extension on Form 4868.
|FinCEN Form 114 (FBAR – Report of Foreign Bank and Financial Accounts)||April 15||· October 15 – An automatic extension is available with no request for an extension required.
· This form needs to be filed for individuals with foreign bank or financial accounts if the individual or cumulative balances equal or exceed $10,000 at any point during the calendar year.
|Estimated Tax Payments
|For calendar year taxpayers:
◦ 1st quarter – April 15
◦ 2nd quarter – June 15
◦ 3rd quarter – September 15
◦ 4th quarter – January 15 of the following year
|Estate tax return
|Due within nine months after the date of the decedent’s death||Automatic six-month extension is available.|
|Gift tax return
|April 15 (of the year after the gift was made)||A federal income tax return extension automatically extends a gift tax return. If no extension is filed, Form 8892 provides an automatic six-month extension.|
* If the deadline falls on a weekend or holiday, the due date will be the next business day.
Taxpayers may also have state or city filing requirements and these deadlines depend on the individual location.
In order to learn more about tax deadlines and your filing requirements, please visit our resources page or contact us here.
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