Mark Your Calendars…Check it Twice!
The US tax laws are complex and it does not appear that things are going to get easier any time soon. Since we get so many questions regarding “what is due when”, we thought that this reference chart may be helpful to those of you who are interested in being “on time, every time”.
April 15: Last “on time” payment date for prior year return
1st Quarter Estimated Tax Due
June 15: Automatic Extension Due Date-Form 1040 with attachments
Extension due date—Form 4868/2350
2nd Quarter Estimated Tax Due
June 30: FBAR due—no extensions available
September 15: 3rd Quarter Estimated Tax Due
October 15th: 4868 Extended Individual Tax Return Due with attachments
November 15th: 2350 Extended Individual Tax Return Due with attachments to meet Physical Presence Test
January 15th: 4th Quarter Estimated Tax Due
Keep in mind:
If you owe no tax, there will be no penalty or interest assessments for a late filed individual return.
The foreign income exclusion can be revoked if your return is not timely filed.
Hefty FBAR late filing penalties may apply, even though there is no tax related to that form.