Paying and filing taxes is a part of our lives. With that, every form that comes under the list of income tax have a specified due date and a penalty tagged along if at all the payment and filing is not done by the due date.
Individual income tax is paid on and off round the clock, however, if you’re residing outside U.S, you still owe the States a part of your income. Also, let me add, the due date for paying your U.S. Income Tax Return for U.S. Citizens and Resident Aliens Abroad falls on April 15th of every calendar year.
If at all, you’re not able to file your tax return on or before the due date mentioned, you can ask IRS extra time to file your return throughform 2350. With this extension form, you gain two months 2 months of automatic extension, notifying that, you as a taxpayer got to file your return on or before June 15th of the calendar year.
This is also important to know that the extension period granted by IRS is not to pay your dues; it’s to get your paper work done. If you don’t pay on or by the due date, there are high chances for you to pay heavy penalty even if you have a strong reason to explain the IRS.
Why to File Form 2350?
Like we said before, if you’re not ready with your paper work and need extra time in order to complete them before due date, you can ask for an Extension of Time To File U.S. Income Tax Return. This Extension is applicable for U.S. Citizens and Resident Aliens Abroad, who’re expected to qualify for special tax treatment.
Who Is Required To File Form 2350 Online?
If you are,
1. A U.S. citizen or resident alien.
2. Expect to qualify for the foreign earned income exclusion and/ or the foreign housing exclusion or deduction by meeting either the bona fide residence test or the physical presence test but not until after your tax return is due.
3. Your tax home is in a foreign country (or countries) throughout your period of bona fide residence or physical presence, whichever applies.
You need to apply for form 2350 if all the three mentioned points are applicable.
When To File E-file Form 2350?
Usually, the due date for reporting the tax return is April 15th; however, if you’re not done with the paper work and you need extra time to file your return, form 2350 is the form through you can gain extra time i.e. 2 months from the due date and that will fall on June 15th of the calendar year.
Do note, this extension period is not to pay your dues, which you owe IRS. The dues are required to be filed on or before April 15th.
What Is So Big About E-Filing with ExtensionTax.com?
Well, the answer is simple. Everyone knows how easy and simple the process is, and how smoothly you can file an extension online. You don’t have to download any forms nor do you have to worry about the errors made on the form. Don’t forget, you’re filing online and erasing the mistakes is done with ease.
Our tax experts and our inbuilt software checks and indicates the errors founds and can also be rectified almost immediately. Also to add on, Extensiontax.comis the most authentic and reliable application, a product of ThinkTrade Inc. You have always been important to us, and we would like to confide, our applications are developed to keep you on track, rather than consuming all your time and at the end, no one is benefited. Our application would work better if you support and encourage us to showcase different, easier things.