Additional extension of time to file for taxpayers out of U.S.As tax advisers work on extended returns, those with clients living overseas should be aware of new procedures for obtaining an additional two months, beyond the automatic six-month extension currently available by filing Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. Thus, out-of-the-country calendar-year taxpayers have until Dec. 15, 2006 to file their returns. The IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. recently announced how these taxpayers can request the discretionary two-month additional extension; see www.irs.gov/formspubs/article/0,,id=154856,00.html. The definition of "out of the country" for this purpose is defined in the Form 4868 instructions. To request this extension, taxpayers must send the IRS a letter explaining why they need an additional two months. The letter has to be sent by the extended due date (Oct. 16, 2006 for calendar-year taxpayers) to: Internal Revenue Service Center, Austin Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , TX 73301-0215, USA. The taxpayer will not receive notification from the IRS unless the request is denied as untimely. The discretionary two-month additional extension is not available to taxpayers claiming the foreign earned income Sources of money derived from the labor, professional service, or entrepreneurship of an individual taxpayer as opposed to funds generated by investments, dividends, and interest. exclusion who have an approved extension to file on Form 2350, Application for Extension of lime To File U.S. Income Tax Return (for U.S. citizens and resident aliens Resident Alien A foreigner who is a permanent resident of the country he or she resides, but does not have citizenship. Notes: Resident and non-resident aliens have different filing advantages and disadvantages. abroad who expect to qualify for special tax treatment). by Eileen Sherr, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , MT, AICPA AICPA See American Institute of Certified Public Accountants (AICPA). Technical Manager--Taxation, Washington, DC |
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