Questions and Answers

 

What are the consequences of not filing a tax return with the IRS when no tax is due?

A new law that came into effect in 2016 (Surface Transportation Reauthorization and Reform Act of 2015) authorizes the U.S. Secretary of State to deny a passport or revoke the existing passport of any U.S. citizen with outstanding tax liability to the IRS. The only way a taxpayer may prove that all tax obligations are satisfied is by filing a tax return every year.

 

When is the deadline to file the US tax return?

April 15th is the general deadline for U.S. citizens living in the U.S.

In 2018, April 15 falls on a Sunday, and due to the District of Columbia Emancipation Day - observed on next Monday, the nation’s filing deadline moved to Tuesday, April 17.

For U.S. citizens permanently residing abroad there is an automatic two month extension of the April 15th deadline so they have until June 15th.

 

Can I extend the filing deadline?

The IRS allows a further extension until October 15th, but this extension is not automatic; taxpayers are required to formally request this extension by filing Form 4868Application for Automatic Extension of Time To File U.S. Individual Income Tax Return

Generally you may consider applying for extension if you need additional time to gather the information required for the return. However, if any tax is due, the balance has to be paid by April 15th regardless of whether the deadline to file the return is April 15th or June 15th or extended until October 15th.

We can assist in determining if you would have an expected tax liability and if you need to make a payment when filing an extension.

Please click here to complete our information request form and one of our US tax specialists will be in touch with you shortly.

 

What if I have missed to file my US tax returns in the past?

Currently the IRS offers a streamlined voluntary disclosure procedure that will help delinquent taxpayers “come clean” in front of the IRS if they file only the last three years of tax returns and six years of FBAR’s, as long as they can certify that they did not wilfully neglect their US tax filing obligations.

Currently the process requires the following steps:

Preparation and filing of FBAR reports (if required) for last 6 years

Preparation of US tax returns for last 3 years

Preparation of a certification statement - this is a short paragraph that you should write explaining the facts and circumstances as to why you did not file returns in the past. The IRS wants to make sure that taxpayers did not wilfully neglect their filing obligation.

We can evaluate your eligibility to participate in the voluntary disclosure streamlined program. We can also provide you with a no obligation personalized quote for the preparation of your returns under the voluntary disclosure procedure.

Please click here to complete our information request form and one of our US tax specialists will be in touch with you shortly.

 

 

@
Share feedback   Share feedback   Share feedback   Share feedback
Share feedback

SEND FEEDBACK
Contact US Tax Specialist Today