The Internal Revenue Service, IRS has issued a reminder to taxpayers living and
working abroad that they must file their 2016 federal income tax return
by Thursday, June 15.
The
special June 15 deadline is available to both U.S. citizens and
resident aliens abroad, including those with dual citizenship, the IRS statement said.
It noted however that "for those
who can’t meet the June 15
deadline, tax-filing extensions are available and they can even be
requested electronically.
In addition, a new filing deadline now applies
to anyone with a foreign bank or financial account required to file an
annual report for these accounts, often referred to as an FBAR.
An income
tax filing requirement generally applies even if a taxpayer qualifies
for tax benefits, such as the Foreign Earned Income exclusion or the
Foreign Tax credit, which substantially reduce or eliminate U.S. tax
liability. These tax benefits are only available if an eligible taxpayer
files a U.S. income tax return.
No comments:
Post a Comment