If you are a U.S. citizen, have interests in the U.S., operate a foreign business entity, or are a U.S. citizen residing in Canada, it is crucial to be informed about the significant dates and deadlines related to income tax filing obligations.
At Wave Tax, we recognize the complexities involved in tax filing for our clients, and we have outlined the relevant U.S. tax filing deadlines that may pertain to you.
The primary deadline for submitting U.S. income tax returns to the Internal Revenue Service (IRS) is April 15. However, U.S. citizens or residents whose tax domicile and residence are substantially outside the United States and Puerto Rico are granted an automatic extension until June 15 (June 17 in 2024).
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Additional Extensions
Additional extensions can be obtained by taking proactive measures, such as filing Form 4868, which provides an automatic extension to October 15.
Alternatively, you may submit a letter of explanation to the IRS; if accepted, this can extend the deadline by an additional two months to December 15 (December 16, 2024).
Moreover, filing Form 2350 allows for a special extension for U.S. expatriates to fulfill specific Foreign Earned Income Exclusion (FEIE) requirements, thereby extending the filing deadline to meet these criteria.
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🛑 But careful, an extension to file your income tax return does not extend the deadline for tax payment. To avoid incurring penalties or late payment interest, it is essential to pay your taxes on time or simultaneously with the filing of an extension.
📌 Important: Dates are subject to annual adjustments and revisions. The deadlines listed below represent the applicable due dates for filing tax returns or forms in 2024 concerning the 2023 tax year.
➡️ Remember, Wave Tax is here to assist you with your tax planning and preparation needs.
📍Contact us at info@wavetax.us
Deadlines by IRS Forms
🔸Individual
➡️ U.S. Residents
April 15, 2024
- Form 1040 – U.S. Individual Income Tax Return
- Form 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
- Form 8938 – Statement of Specified Foreign Financial Assets
June 17, 2024
This is an automatically extended due date that applies to U.S. persons (U.S. citizens and Green card holders) residing outside the United States. They are considered U.S. persons (residents) for U.S. federal income tax purposes.
- Form 1040 – U.S. Individual Income Tax Return
- Form 2555 – Foreign Earned Income
- Form 5471 – Information Return of U.S. Persons With Respect To Certain Foreign Corporations
- Form 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
- Form 8833 – Treaty-Based Return Position Disclosure
October 15, 2024 (extended)
This is an extended due date. Note that depending on the form filed, an affirmative action to extend the original due date for filing the respective form may have been required.
- Form 1040 – U.S. Individual Income Tax Return
- Form 2555 – Foreign Earned Income
- Form 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
- Form 8938 – Statement of Specified Foreign Financial Assets
- FBAR – FinCEN Form 114 – Report of Foreign Bank and Financial Accounts
December 16, 2024 (extended)
This is an extended deadline, provided the IRS consent to provide a 2-month special extension to file was received.
➡️ U.S. Nonresidents (Nonresident Alien Individuals)
April 15, 2024
U.S. nonresidents are required to file their U.S. income tax return (Form 1040-NR) by this due date, provided they were employed and received wages subject to U.S. income tax withholding.
- Form 1040-NR – U.S. Nonresident Alien Income Tax Return
- Form 8833 – Treaty-Based Return Position Disclosure
- Form 8840 – Closer Connection Exception Statement for Aliens
June 17, 2024
This is general filing due date for U.S. nonresidents, provided they did not have wages subject to U.S. income tax withholding.
- Form 1040-NR – U.S. Nonresident Alien Income Tax Return
- Form 8833 – Treaty-Based Return Position Disclosure
- Form 8840 – Closer Connection Exception Statement for Aliens
October 15, 2024 (extended)
This is an extended due date for original April 17 due date filers.
December 16, 2024 (extended)
This is an extended due date for original June 15 due date filers.
🔸Business
➡️ U.S. Resident Entities (Including Trusts)
March 15, 2024
- Form 1120-S – U.S. Income Tax Return for an S Corporation
- Form 1065 -U.S. Return of Partnership Income
- Form 8804 – Annual Return for Partnership Withholding Tax
- Form 8805 – Foreign Partner’s Information Statement of Section 1446 Withholding Tax
- Form 1120 – U.S. Corporation Income Tax Return
- Form 5472 – Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
- Form 1041 – U.S. Income Tax Return for Estates and Trusts
This is an extended due date for original March 15 due date filers.
- Form 1120-S – U.S. Income Tax Return for an S Corporation
- Form 1065 -U.S. Return of Partnership Income
- Form 8804 – Annual Return for Partnership Withholding Tax
- Form 8805 – Foreign Partner’s Information Statement of Section 1446 Withholding Tax
This is an extended due date for original April 18 due date filers.
- Form 1120 – U.S. Corporation Income Tax Return
- Form 5472 – Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
- Form 1041 – U.S. Income Tax Return for Estates and Trusts
➡️ U.S. Nonresident Entities (Including Trusts)
- Form 1065 -U.S. Return of Partnership Income
- Form 3520-A – Annual Information Return of Foreign Trust With a U.S. Owner
- Form 8804 – Annual Return for Partnership Withholding Tax
- Form 8805 – Foreign Partner’s Information Statement of Section 1446 Withholding Tax
- Form 1120-F – U.S. Income Tax Return of a Foreign Corporation
- Form 5472 – Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
- Form 1120-F – U.S. Income Tax Return of a Foreign Corporation
- Form 8804 – Annual Return for Partnership Withholding Tax
- Form 8805 – Foreign Partner’s Information Statement of Section 1446 Withholding Tax
This is an extended due date for original March 15 due date filers.
- Form 1065 -U.S. Return of Partnership Income
- Form 3520-A – Annual Information Return of Foreign Trust With a U.S. Owner
- Form 8804 – Annual Return for Partnership Withholding Tax
- Form 8805 – Foreign Partner’s Information Statement of Section 1446 Withholding Tax
This is an extended due date for original April 18 due date filers.
- Form 1120-F – U.S. Income Tax Return of a Foreign Corporation
- Form 5472 – Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
This is an extended due date for original June 15 due date filers.
- Form 1120-F – U.S. Income Tax Return of a Foreign Corporation
- Form 8804 – Annual Return for Partnership Withholding Tax
- Form 8805 – Foreign Partner’s Information Statement of Section 1446 Withholding Tax