It is time to think about extensions again for 2014 United States individual income tax returns.
Whilst the due date for filing 2014 United States’ individual income tax returns is 15 April 2015, U.S. citizens and resident aliens who are outside the U.S. as at this date qualify for an automatic extension of time for filing their 2014 return, to 15 June 2015.
However, any tax due for 2014 is still due by 15 April 2015.
Individuals who plan to file Form 2555 or Form 2555-EZ (foreign earned income exclusion) and who qualify for, but have not met the bona fide resident test or the physical presence test should consider filing Form 2350 Application for Extension of Time to File U.S. Income Tax Return, together with payment, if a payment is due by 15 April 2015.
If approved, the extension is usually until 30 days after the date on which the either of the tests above is met, although this may be up to 90 days if an allocation of moving expenses is required.
The vast majority of U.S. individual taxpayers who do not plan to file by 15 April should file Form 4868 Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, together with payment if a payment is due by 15 April 2015.
This will give an extension to 15 October 2015 to file their 2014 income tax returns. Form 4868 can be filed up to 15 June for U.S. citizens and resident aliens residing outside the United States as at 15 April, extending the filing deadline to 15 October 2015.
