For US Citizens and Greencard holders and Foreign Persons with US-based income reporting it is another year with your US Federal and state tax return filing obligation.
KEY DATES FOR FILING YOUR 2022 US TAX RETURN AND COMPLIANCE FORMS
18th April 2023 – Initial 1040 Federal tax filing deadline date for US Citizens and residents living in the United States, if the extension is not filed.
15th June 2023 – Initial 1040/1040NR Federal tax filing deadline date for US Citizens, Greencard holders, and foreign persons living outside of the United States, if the extension is not filed.
15th October 2023 – If the taxpayers or their CPA have filed an extension Form 4868 for Federal extension then the 1040/1040NR Federal tax filing deadline date for US Citizens, Greencard holders and foreign persons living in the United States or outside of the United States can get the benefit of the additional 6 months extension.
15th December 2023 – If the taxpayers or their CPA have filed an extension Form 4868 for Federal extension and also filed further extension by 15th October 2023 with an additional 2 months extension then this is the final deadline date for filing the 1040 Federal tax return. This extension is only allowed for US Citizens living outside of the United States.
Fincen114/Foreign Bank Account Reporting (FBAR)/FATCA Compliance Forms
The initial filing deadline date is 18th April/15th June and with the extension filing of Form 4868, the filing date is extended to 15th October 2023.
For more information on FBAR filing requirements please refer to our earlier blog on this topic.
Any US Tax Due as of 18th April 2023 for the 2022 US tax year
Kindly note if any taxes are due its recommend to make an extension payment when Form 4868 is filed this is to avoid Interest charges expected at the rate of 4% on tax due from 18th April 2023 until the time of tax return filing.
Please note for the US Citizen married to a foreign spouse you need to have a valid US Tax ID or ITIN to file your 1040 married filing jointly status. For more information on this please refer to this blog.
Important Note To Tax And Accounting Hub Client: For all our existing US citizen clients we will be filing extension until 15th October 2023 and we will aim to complete the work on receipt of the complete data required for the 2022 US tax filing, if you are ready with all data [Jan 2022 to Dec 2022 payslips, 1099, FBAR information] you may email us the information and our team will take it from there.
We are one of IRS approved Enrolled agents for the US tax return compliance reporting [1040/1040NR] and IRS Approved Certified Acceptance Agent for the ITIN US Tax ID work with many years of experience and we can certainly assist if you need any of the above services.
We also assist global clients based outside of the United Kingdom, Please check our work process blog post for more details on our step-by-step scope of work covered.
Please visit our website for FAQ related to ITIN and US Tax Assistance.
Our team specializes in international expatriate U.S. personal tax return services. If you need assistance with ITIN Renewal/US 1040 filing for refund claim/FATCA Compliance work/FBAR FINCEN114 Filing, ITIN/ Form W7 Application/E.I.N./Form W8BENE or Certified Acceptance Agents [C.A.A.] services/1040NR U.S. tax filing for refund claim of excess 1042S / 8288A/ 8805/ W2/ 1099. We are happy to assist our clients in a timely, efficient, and cost-effective way