Tuesday June 15th (not Wednesday as we accidentally indicated in a prior email) is the extended due date for many U.S. taxpayers to file their 2020 taxes. It is also the 2021 2nd quarter estimated tax payment deadline (if necessary). Good job if you have already filed your 2020 U.S. Taxes!
2021 ESTIMATED TAX PAYMENTS
If you need to pay 2021 U.S. federal estimated taxes –
- 2021 2nd quarter payment is due on or before June 15, 2021
- 2021 3rd quarter payment is due on or before September 15, 2021
- 2021 4th quarter payment is due on or before January 17, 2022
The IRS provides more information about estimated taxes here: https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes and online payments can be made via the IRS here: www.irs.gov/payments
2021 estimated tax payment vouchers (see P.11 for vouchers): https://www.irs.gov/pub/irs-pdf/f1040es.pdf
Economic impact payment (EIP)
Eligible taxpayers who have not received the first or second Economic Impact Payments can claim the credits when filing 2020 U.S. Individual Income Tax Returns.
You can check that status of your Economic Impact Payments and obtain more information here:
IRS Coronavirus Tax Relief and Economic Impact Payment:
Learn More About President Biden’s New Tax Proposals. Refer to our website: https://americanpacifictax.com/president-bidens-new-tax-proposals/
* Certain U.S. states may have taken steps in order to extend their deadline, but each state is different and be sure to check your individual state (if filing is necessary):
Need to file a Hong Kong tax return? Learn more here https://americanpacifictax.com/general-hong-kong-tax-guide/
Foreign Bank Account Reporting FinCEN Form 114 (FBAR): http://fincen.gov/ (current 2020 deadline automatically extended to October 15, 2021)
Living abroad and still need more time to file 2020 U.S. taxes? Please contact us today if you have questions or need assistance handling your USA taxes living in Asia.
— Christopher Chang