What Expats Need to Know about USA Tax Deadlines in 2023
Tax

The deadline to file your taxes is April 17 this year, but that doesn't mean you should wait until the last minute. If you think your tax return is ready and complete, yet still need to amend it before filing it on April 16 or later, then here are some tips to help get things done:
The deadline to file your taxes is April 17 this year, but that doesn't mean you should wait until the last minute.
In fact, filing early is one of the best ways to avoid penalties and fees. The IRS will accept late tax returns until Tuesday, April 18 at 11:59 pm PST (or Wednesday morning at 8 am EDT). Even if you filed your taxes by that deadline, there's still time to amend them!
The IRS will accept late tax returns until Tuesday, April 18 at 11:59 pm.
If you miss the deadline to file your return and pay all required taxes, you can apply for an extension of time by filing Form 4868 (Application for Automatic Extension of Time To File U.S. Individual Income Tax Return) with your local post office no later than Monday, April 17th. This form must be mailed in on or before April 16th. If you receive an email from the IRS saying that they received your request for an extension of time to file and paid any applicable fees (including penalties), then they will not charge another fee when they process your amended return as long as it's received by them before Tuesday, April 18th at 11:59 pm EDT
Even if you filed your taxes by the April 17 deadline, you still have time to amend them to take advantage of additional deductions and credits.
The IRS allows taxpayers to make improvements through April 18. This is not just for those who haven't paid yet; it's also possible to amend returns even if they were filed on time.
It might be tempting to wait until after April 18 (or even longer) because it's such a big deal—but don't! If you find errors in your return or missed out on some deductions/credits that could have been claimed but weren't, now is an ideal time for correction before penalties kick in later this year (see below).
You have one year from the time you file your taxes to amend them.
If you made a mistake on your return, or if you forgot to include something, you can file an amended return. You’ll have until midnight on Wednesday, June 12th to take advantage of this free Tax filing period.
However, if your opinion has changed since you filed last year and now want more tax dollars back from Uncle Sam (or maybe just don't want them), then amend those returns by January 16th!
If you or someone who is owed back taxes paid too much in interest for credit, you can amend your return for free until midnight on Wednesday, June 12.
The IRS has extended the deadline to file an amended tax return until midnight on Wednesday, June 12. This is good news for taxpayers who are owed back taxes and have already paid too much interest on their credit card or loan.
If you or someone who owes back taxes paid too much in interest for credit, you can amend your return for free until midnight on Wednesday, June 12. You will not be charged any fees by the IRS when you amend your Form 1040X so long as all required forms are included with it and all corrections were made within six months of filing.
It's never too early or late to do tax preparation and get them in order!
Filing a tax return is an important part of your financial life, but the more you understand US tax deadlines, the better off you'll be. Whether it's due at midnight tonight or on April 15th in 2023—or even earlier if an amendment was filed after April 15th—there are some things that ex-pats need to know about filing their taxes:
Filing an extension does not automatically mean that you can delay paying back any interest charges associated with late payments. You must still file a Form 1040X within six months of receiving notification from the IRS (or within three years without receiving notice). The reason why this is so important is that interest accrues daily at a rate of 1% per month (or a fraction thereof) until paid back in full; so if we're talking about ten years' worth of missed payments accrued over nine months then yes…you'd want those dollars returned ASAP!
Conclusion
The deadline to file your taxes is April 17 this year, but that doesn't mean you should wait until the last minute. Even if you filed your taxes by the April 17 deadline, you still have time to amend them to take advantage of additional deductions and credits. You have one year from the time you file your taxes to amend them. If you or someone who is owed back taxes paid too much in interest for credit, you can amend your return for free until midnight on Wednesday, June 12.
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Global FPO offers a wide range of bookkeeping & accounting solutions to businesses in USA. We also provide other financial services such as invoicing, payroll & tax filing. Contact us today to learn more about our services! : globalfpo.com


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