IRS Alert: Key Filing Deadlines for U.S. Taxpayers Abroad
- MyTAXPrepOffice Editorial Group
- Apr 10
- 2 min read
The IRS has announced that U.S. citizens and resident aliens living and working abroad must file their 2024 federal income tax returns by Monday, June 16, 2025.
Who Qualifies for the June 16 Deadline?
A taxpayer qualifies for the June 16 extension if they are a U.S. citizen or resident alien and, on the regular due date of their return:
They are living outside the United States and Puerto Rico and their main place of business or post of duty is outside the United States and Puerto Rico, or
They are in military or naval service on duty outside the United States and Puerto Rico.
Key Points for Tax Professionals:
Automatic Two-Month Extension: Taxpayers abroad receive an automatic two-month extension from the standard April 15 deadline, moving it to June 16, 2025, for 2024 returns.
Payment Obligations: While the filing deadline is extended, any taxes owed were still due by April 15, 2025. Interest accrues on unpaid taxes from the original due date.
Further Extensions: Clients needing more time can request an additional extension to October 15, 2025, using Form 4868. This extends the filing deadline but not the payment deadline.
Foreign Earned Income Exclusion (FEIE): Eligible taxpayers can exclude up to $120,000 of foreign earned income for 2024 by filing Form 2555.
Foreign Bank Account Reporting (FBAR): Clients with foreign financial accounts exceeding $10,000 must file an FBAR by April 15, 2025, with an automatic extension to October 15, 2025.
Action Steps for Tax Professionals:
Review Client Portfolios: Identify clients who may be eligible for the FEIE or have FBAR obligations.
Communicate Deadlines Clearly: Ensure clients understand the distinction between filing and payment deadlines to avoid interest and penalties.
Assist with Extensions: Guide clients through the process of requesting additional extensions if necessary.
Stay Informed: Regularly consult IRS resources, such as Publication 54, for updates on international tax obligations.
By proactively managing these deadlines and requirements, tax professionals can provide invaluable support to their clients abroad, ensuring compliance and optimizing tax benefits.
Disclaimer: This article is for informational and educational purposes only and does not constitute legal tax advice. Advanced Tax Solutions is not liable or responsible for any damages resulting from or related to your use of this information. It is your responsibility to refer to official IRS documentation for information regarding any tax laws or tax information shown here.
