Individual income tax returns with approved extensions to meet the bona fide residence test will generally be due on February 1 (since January 30 falls on a Saturday) and must be filed by this date. Individuals who are required to allocate moving expenses, nevertheless, may have been granted an extension up to March 31. Returns […]
Individual income tax returns with valid extensions to December 15 must be filed by this date: Form 1040 extended with Form 4868 (or electronic extension payment) and granted additional 2-month discretionary extension; Form 1040NR originally due on April 15, extended with Form 4868, and granted additional 2-month discretionary extension; and Form 1040NR originally due on […]
Individual income tax returns (Form 1040 and Form 1040NR originally due on April 15) with a Form 4868 filed or an electronic extension payment made, are due on October 15. Taxpayers out of country can request an additional discretionary 2-month extension of time to file their returns (to December 15) if they need more time. […]
The following, which are automatically postponed due to COVID-19, pursuant to Notice 2020-18 and Notice 2020-23, are due today: 2019 Federal individual income tax returns and payment of balances due (Form 1040 and Form 1040NR); 2019 Gift tax returns and payment of balances due (Form 709); 2020 Estimated tax payments for 1st and 2nd quarters […]
Federal income tax returns, gift tax returns, and related tax payments are eligible for automatic postponement to July 15, 2020, pursuant to Notice 2020-23. Please refer to our newsletter “IRS Expands Automatic Postponement of Due Dates” for more details. Individual income tax returns for expatriates (Form 1040), and nonresident aliens (Form 1040NR) who meet the […]
Federal income tax returns, gift tax returns, and related tax payments are eligible for automatic postponement to July 15, 2020, pursuant to Notice 2020-18 and Notice 2020-23. Please refer to our newsletters “US Expatriate’s Perspective on Pandemic Relief” and “IRS Expands Automatic Postponement of Due Dates” for more details. Individual income tax returns (Form 1040 […]
Individual income tax returns with approved extensions to meet the bona fide residence test will generally be due on January 30 and must be filed by this date. Individuals who are required to allocate moving expenses, nevertheless, may have been granted an extension up to March 31. Returns mailed and post-marked by USPS or designated Private […]
Individual income tax returns with valid extensions to December 16 must be filed by this date: Form 1040 extended with Form 4868 (or electronic extension payment) and granted additional 2-month discretionary extension; Form 1040NR originally due on April 15, extended with Form 4868, and granted additional 2-month discretionary extension; and Form 1040NR originally due on […]
Individual income tax returns (Form 1040 and Form 1040NR originally due on April 15) with a Form 4868 filed or an electronic extension payment made, are due on October 15. Taxpayers out of country can request an additional discretionary 2-month extension of time to file their returns (to December 16) if they need more time. […]
IRS Finalizes QBI Deduction Safe Harbor for Rental Real Estate On September 24, the Internal Revenue Service (IRS) issued Revenue Procedure 2019-38 that has a safe harbor allowing certain interests in rental real estate, including interests in mixed-use property, to be treated as a trade or business for purposes of the qualified business income (QBI) […]