2024 US Expat Tax Deadline and Extensions

Written by: Josh Katz, CPA

It’s that time of year again when we dive into the world of forms, numbers, and deadlines. Navigating through the complexities of US taxes and preparing your 2023 US tax return doesn’t have to be daunting, even as a US expat. By understanding the important US expat tax deadlines, extensions, and correct forms to use, you can breeze through the process with ease and peace of mind.

If you require assistance with filing for an extension, feel free to contact Universal Tax Professionals. Additionally, we offer a comprehensive range of US expat tax services specifically designed to assist American citizens living abroad.

2024 Important US Tax Dates

March 15, 2024

US Corporate Tax Returns

March 15, 2024, marks the filing deadline to submit US corporate tax returns such as:

  • Form 1120, US Corporation Income Tax Return: This form is used by C corporations, including domestic corporations, to report their income, deductions, and credits for the tax year.
  • Form 1120-S, US Income Tax Return for an S Corporation: This form is used by S corporations, which are a type of pass-through entity, to report their income, deductions, and credits for the tax year.
  • Form 1065, US Return of Partnership Income: This form is used by partnerships, including limited liability partnerships (LLPs), to report their income, deductions, and credits for the tax year.

Form 3520-A

March 15, 2024, is also the deadline to file Form 3520-A for US Owners of Foreign Trusts. Form 3520-A is a crucial document for US persons who are treated as the owners of any portion of a foreign trust under the tax rules outlined in sections 671 through 679 of the Internal Revenue Code. This form is used to provide the IRS with information about the foreign trust, including the trust’s income, distributions, and the US person’s ownership information.

Form 7004 Extension

If more time is needed to file Form 3520-A, an extension can be requested until March 15, 2024. To do this, the US owner of the foreign trust must file Form 7004, “Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns.” Filing Form 7004 provides a 6-month extension of time to file Form 3520-A, extending the deadline to September 15 for trusts that use the calendar year as their tax year.

Form 7004 (Extension)
Source: IRS.gov

Table of Contents

April 15, 2024

US Tax Deadline

The US Tax Deadline, or Tax Day, is the last day for individual taxpayers to file their income tax returns to the IRS without penalties. The standard US tax deadline is every April 15th but may vary slightly in certain circumstances, such as weekends or holidays.

The US tax deadline for the 2023 tax year is April 15, 2024. You have until this date to submit your 2023 US tax return and your Foreign Bank Account Reports. However, it’s important to note that while your tax return is filed with the IRS, your Foreign Bank Account Reports must be e-filed directly to the US Treasury Department.

Deadline to Pay US Taxes

The US Tax Deadline, or Tax Day, is the last day for individual taxpayers to file their income tax returns to the IRS without penalties. The standard US tax deadline is every April 15th but may vary slightly in certain circumstances, such as weekends or holidays.

The US tax deadline for the 2023 tax year is April 15, 2024. You have until this date to submit your 2023 US tax return and your Foreign Bank Account Reports. However, it’s important to note that while your tax return is filed with the IRS, your Foreign Bank Account Reports must be e-filed directly to the US Treasury Department.

Estimated Tax Payment – First Quarter

April 15, 2024, marks the first quarter for those who need to make estimated tax payments.

Estimated tax payments are periodic payments made by taxpayers who earn income that is not subject to withholding, such as self-employment income, interest, dividends, or rental income. The purpose of estimated tax payments is to pay taxes on this income throughout the year, rather than having to pay a large tax bill when filing an annual tax return.

You can make estimated tax payments online through the IRS’s Electronic Federal Tax Payment System (EFTPS), by phone, or by mail. You can also make payments using a credit or debit card through a payment processing service authorized by the IRS. Be sure to keep records of your payments and include them when you file your tax return.

June 17, 2024

US Expat Tax Deadline

If you’re an American living abroad, you’re granted an automatic two-month extension to file your US tax return. While the typical deadline for most taxpayers is April 15, as a US expat, you have until June 15 to submit your income tax return. However, for 2024, June 15 falls on a Saturday, so the US expat tax deadline has been extended to June 17, 2024, which is a Monday.

This automatic extension allows US expats to gather necessary documentation, navigate any complexities related to international taxation, and ensure accurate reporting of their income, deductions, and credits.

Form 4868 Extension

Form 4868, also known as the Application for Automatic Extension of Time To File US Individual Income Tax Return, is a form used by taxpayers to request an extension of the deadline to file their federal income tax return.

For US Expats requiring additional time to file their US tax return, Form 4868 must be submitted by June 17th. This extension grants them until October 15, 2024, to complete and submit their 2023 US tax return. Taxpayers can file Form 4868 using tax software electronically or through the IRS’s e-file system.

Estimated Tax Payment – Second Quarter

Deadline to make second quarter estimated tax payments.

Estimated Tax Payment (Second Quarter)
Source: IRS.gov

September 16, 2024

Extended Deadline to File US Corporate Tax Returns and US Owned Foreign Trust

This is the final deadline for filing US Corporate tax returns for S Corporations, C Corporations, and Partnership Returns if Form 7004 was filed before March 15. The same principle applies to Form 3520-A. Typically, Form 7004 provides a six-month extension, pushing the deadline to September 15th. However, due to September 15th being a Sunday, the extension has been moved to September 16th, 2024.

It is also important to note that Form 7004 only extends the deadline for filing the tax return, not for paying any taxes owed. Any taxes owed must still be paid by the original due date of March 15 to avoid penalties and interest.

Estimated Tax Payment – Third Quarter

The third-quarter estimated tax payments deadline is September 16, 2024. Usually, individuals who expect to owe at least $1,000 in taxes must make estimated tax payments to the IRS.

October 15, 2024

Extended US Expat Tax Deadline

The extended US expat tax deadline for the 2023 tax year is October 15, 2024. Taxpayers who filed IRS Form 4868 until June 17, 2024, to request a tax extension have until October 15, 2024, to submit their tax return and FBARs.

It’s important to note that while an extension allows for a later filing date, it does not extend the deadline for paying any taxes owed. Taxpayers must still pay their tax bill by the regular filing deadline, which was April 15, 2024, to avoid late-payment penalties and interest.

For the FBAR, there’s no specific form required to extend the filing deadline. If you cannot file your FBAR by April 15th, an automatic extension is granted, allowing you until October 15th to submit it.

Universal Tax Professionals

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December 16, 2024

Final US Tax Deadline

If you’re unable to meet the October 15 deadline, you can request another extension from the IRS. However, unlike the October extension, which can be filed online using Form 4868, the December 15 US tax extension can only be filed via mail. Since December 15, 2024 falls on a Sunday, the final deadline would be December 16, 2024. You must write and mail a physical letter to the IRS, including your full name, Social Security number, and specify the tax return(s) and years for which you seek an extension.

It’s also important to note that only those who have already been granted the October 15 extension can request for the December extension. Additionally, the December extension is generally granted on a case-by-case basis and is not a standard extension deadline.

Understanding the US expat tax deadline and other important deadlines for specific forms is essential for all taxpayers. By familiarizing yourself with these deadlines and extensions, you can ensure compliance with the IRS and avoid potential penalties. Remember to plan, gather all necessary documentation, and file your tax returns accurately and on time.

2024 US Expat Tax Guide

This comprehensive guide is packed with helpful information and expert advice to make sure you stay on top of your US tax obligations.

US Tax Guide for American Expats