On March 17, 2021 the IRS announced that the April 15 deadline is being postponed to May 17, 2021. States may or may not choose to conform. We will attempt to keep this updated if there are any further changes. See also our latest newsletter, available from the Login page, and our COVID-19 page.
|If you…||OTS wants your documentation by…||IRS Filing Deadline|
|Live in the US||March 1
|May 17, 2021|
|Live overseas and expect to have significant tax due||March 1 recommended (10% discount)||June 15, 2021
but interest charged on tax not paid by April 15
|Need to file an FBAR to report foreign accounts||With the rest of your tax documentation||April 15, 2021
but with an automatic extension to October 15.
|Live overseas||Early May
(10% discount if file complete by March 1; extensions likely after May 20)
|June 15, 2021|
|Need more time||Notify OTS as early as possible||October 15 (maybe later if first year overseas)
Extension must be filed by April 15 if you’re in the US or June 15 if you’re overseas.
- Once you have uploaded your questionnaire and all documentation, you MUST email us to let us know you are ready! We won’t know unless you tell us.
- If your file isn’t complete by April 20 (US filers) or May 20 (overseas filers), we will most likely need to put you on an extension and prepare the return after the summer.
- We charge rush fees if your file is complete less than three weeks before your return is due.
- FBAR extensions: Extensions are automatic with no request needed.