Here's what you need to know:
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- Most expats qualify for an automatic two-month filing extension. This means your 2018 tax return is due by June 15, 2019.
- Most expats qualify for an automatic two-month filing extension. This means your 2018 tax return is due by June 15, 2019.
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- You must pay any taxes due by April 17, 2019, even if you're an expat filing your return by June 15, 2019.
- If you don't pay the taxes due by April 17, 2019, the IRS will not assess a Failure to Pay Penalty provided you file and pay by June 15, 2019. You will, however, be charged interest on the unpaid amount.
Tax Benefits for Expats
Expats are required to file U.S. tax returns each year, but sometimes tax benefits available to them result in no U.S. taxes owed. However, if any of the following situations apply to you, it's possible that you may still owe U.S. taxes.
- You live and work in a country with lower tax rates than the U.S.
- You're not taxed on your foreign investments, or
- You still receive income from U.S. sources
Estimated Tax Payments
If you're living outside the U.S. and usually owe U.S. taxes, you may need to make quarterly estimated tax payments to the IRS. An expat tax expert can help you figure those quarterly payments so you can avoid end-of-year penalties.
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