IRS Tax Season Start Date for US Expats
The IRS typically begins each tax season in late January, marking the official start date for accepting and processing tax returns for the previous year. This usually occurs around the last week of January. Despite this date, taxpayers don’t need to wait until then to start working on their taxes, especially if using software companies or tax professionals, who can hold submissions until the IRS begins processing.
As a US citizen living abroad, it’s crucial to stay informed about the tax filing dates and requirements. The Internal Revenue Service (IRS) has set specific guidelines and deadlines that differ from those for US residents.
Deadlines for US Expatriates
For US citizens living overseas, the primary tax deadline is June 15th (or the next business day if it falls on a weekend or holiday). This includes an automatic two-month extension beyond the standard April 15 deadline for domestic taxpayers. However, it’s important to remember that any taxes owed are still due by April 15 to avoid interest charges.
Extensions and Special Circumstances
If you require more time to file your expat tax return, you can request an additional extension to October 15 and, in extreme cases, up to December 15. For business taxes, deadlines vary based on the business’s structure, with different dates for S corporations, partnerships, and sole proprietorships.
Estimated Quarterly Tax Payments
Some expatriates may need to file estimated quarterly tax payments if they expect to owe at least $1,000 in US taxes. The deadlines for these payments are:
- Q1: April 15
- Q2: June 15 (aligned with expat deadline)
- Q3: September 15
- Q4: January 15 of the following year
Reporting Requirements
In addition to income tax returns, US taxpayers abroad must adhere to other reporting requirements like the Report of Foreign Bank and Financial Accounts (FBAR) and the Foreign Account Tax Compliance Act (FATCA). The deadline for FBAR filing is April 15, with an automatic extension to October 15.
Final Thoughts
Staying ahead of these deadlines and understanding current tax requirements can help ensure a smooth and penalty-free tax filing process. As always, it’s advisable to consult with a tax professional for personalized advice and to keep abreast of any IRS updates.
Tax deadlines may occasionally shift due to holidays, weekends, or special circumstances. Always verify current deadlines with the IRS or your tax professional before filing.
For detailed information and guidance, refer to the IRS official website and reliable expat tax service providers such as Greenback Expat Tax Services.
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