Tax Filing Extensions for Americans

Expatriate Tax Returns Tax Filing Extensions

Federal tax filings and payments for 2020 are postponed until May 15th, 2021. Expats automatically have until June 15th to file but payments must be made by May 15th. This is to help taxpayers that have been impacted by Covid-19 to have additional time needed to make payments without enduring any penalties. The IRS recommends not waiting until the tax deadline and file as soon as you are able, particularly if you are owed a refund or missed stimulus payments. The IRS tax due date extension applies for Federal taxes only, not State taxes.

If you are unsure of how the recent changes in the tax laws will impact you, please seek professional assistance from our expat tax specialists at Expatriate Tax Returns.

Similar Posts

Expats 2019 Tax Filing Deadlines

Expats 2019 Tax Filing Deadlines

Expats should plan to file on time to avoid tax-related headaches. Knowing when documents are due ahead of time will help you prepare. Don’t wait any longer. Instead, get acquainted with the 2019 U.S. tax deadlines for expats listed below. Filing Deadline – Monday, April 15th, 2019 Most U.S. citizens recognize April 15th as Tax…

Tax Related Identity Theft

Tax Related Identity Theft

Identity theft occurs when a piece of your personal information is stolen and used to commit fraud. If your data is accessed, it could be used to open new accounts, make unauthorized purchases, or file taxes for a fraudulent refund. The IRS may reach out to you via mail should there be any suspicious activity…

Expatriate Tax Returns Foreign Earned Income Exclusion Physical Presence Test

Foreign Earned Income Exclusion Physical Presence Test

Typically, to meet the physical presence test, you must reside in a foreign country or countries for a minimum of 330 full days during a 12-month period. Days can be counted spent abroad for any reason, as long as your tax home is in a foreign country. The 12-month period can start any day of…

Recovering from Identity Theft

Recovering from Identity Theft

Identity theft can be prevented in many ways, but if you are a victim, there are a few ways to recover your information and ease the financial burden. Once you discover that your identity has been stolen, contact your local law enforcement, freeze your credit, and place a fraud alert on all accounts. Once all necessary parties…

Preparing your own Tax Return

Sure I can still prepare my own tax return…Can’t I?! Many people file their own U.S. tax returns, and do it well. However, now that you are an expatriate, is it still possible? Here is a list of advantages and disadvantages to preparing your own tax return as an expat. Reasons to prepare your own…