BEST US Expat Tax Guide 2020

​​Have you filed your US expat taxes yet? If not, you still have time to file US taxes or to file an extension from abroad. Given the change with the US tax deadline as well as the COVID-19 tax stimulus, you may be seeking US expat tax services from an experienced US Certified Public Accountant with Independence Expat Tax.

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Tax Deadline for 2020
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​The US income tax deadline was extended to July 15th, 2020, by Treasury Secretary Mnuchin on Twitter. Which means you do not have filing, payments, or interest until then! 

Filing an Extension for 2020

If you think you need to file an extension for 2020 US expat taxes it must be submitted on or before July 15, 2020. ​

​COVID-19 Stimulus Check

​The Department of the Treasury and the IRS say you must have filed a 2018 or 2019 tax return to be first on their list to receive a COVID-19 stimulus check. If you have not filed taxes in a few years this is a good time to complete a streamlined procedure. You must qualify as a $1,200 per US individual tax filer and $500 per qualifying US Child stimulus checks. 

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My FBAR (FinCEN Form114) for 2020
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​Form 114 for the FBAR is automatically extended to October 15, 2020. Therefore, requesting an extension for this form is not necessary. 

Conclusion
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​US citizens filing taxes abroad have an extended tax deadline of July 15th, 2020 with no filing, payments, or interest until then. US income tax extensions must be filed on or before the July 15, 2020 deadline. Now is a good time for you to get caught up on taxes with Streamlined procedures and possibly received the COVID- 19 tax stimulus if you qualify. The FABR is still due on October 15, 2020. Independence Expat tax has created a process of filing US income taxes overseas which is user- friendly, seamless, and refreshingly simple. Connect to a Certified Public Accountant today!

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