Sunday, April 22, 2012

Overseas Due Date

Just a quick hint if you're overseas and can't get your tax return filed by April 15: you don't have to.
The good news is that you can get an automatic extension to June 15 just by claiming it on an election statement included with the tax return. Assuming you're not military, you should state that you live outside the United States and were residing outside the United States during the time period that includes April 15 and you claim the automatic extension to June 15.
No penalties. However, the IRS will charge interest on unpaid taxes from April 15 which should not be much. So, rest easy and check again for another tip that will help keep you out of trouble.

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