Expatriate Tax Deadlines

by  posted on:Aug 14, 2012 ,updated on:May 14, 2013 | views:1650 //Code for only logged in users
  • April 15 – US filing deadline and due date for all taxes owned. If you fail to pay the estimated taxes by April 15th, you will be subject to interest and penalties for the underpayment.
  • June 15 – Expatriates (US citizens or residents who living abroad on April 15) are given an automatic extension to file their tax return until June 15. Taxpayers must attach a statement to their return explaining their qualification for the extension. further extension for filing of tax returns until October 15 may be obtained by filing the extension with form 4868 by June 15.
  • June 30—The Treasury form reporting foreign bank accounts must be received by the authorities no later than June 30 otherwise you may incur severe penalties. No extensions are available for this form.
  • August 31- due date for foreign bank accounts and for all the last disclosure programs w/o extension
  • October 15—final tax filing deadline if you have already applied for an extension.

Extensions

Form 4868 – Federal Tax Return Extension. Americans residing in the U.S. and its territories can file this form for an automatic 6 month extension from April 15 to October 15. Americans living abroad can use this form to extend the due date from June 15 to October 15.
Form 2350 – Application for Extension of Time To File U.S. Income Tax. This is one additional Form that may be used by certain taxpayers to request more time to file their US tax returns. Form 2350 is used for US expatriates abroad who expect to qualify for special tax treatment given on form 2555 or 2555-EZ, but they won’t meet either the Bona Fide Residence Test or Physical Presence Test until sometime after October 15.
Form 7004 – Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns. The form is used to file for an automatic extension of time to file for a partnership, a multiple member LLC filing as a partnership, a corporation, or S-corporation. You have a 5-month automatic extension of time for partnership returns and a 6-month automatic extension for corporations.