Citizens who reside outside United States and Puerto Rico, are automatically granted two months extension from April 15 deadline. To push your deadline beyond June 15th, you can e-file form 2350 to ask for an extension if you have not done with the paper work or taken the test on time. Payment should be done on or before 15th of April as per the calendar year to stay away from penalties.

Note: This extension is not to extend time to pay your liabilities.

Who should file the form?

If you belong to any of the below category, then you are applicable to file Form 2350

1. If you are a U.S or resident alien.
2. If you are expected to qualify for foreign earned income exclusive or for foreign housing or exclusion deduction by meeting either the bona fide residence test or the physical presence test but there should be no due of tax.
3. Your tax home is in a foreign country (or countries) throughout your period of bona fide residence or physical presence, whichever applies.

Obtain an extension via ExtensionTax.com

To get an extension, the tax payer should file Form 2350 with IRS specified instructions mentioned in the Form 2350 but by the due date for filing your return.

Consequences for not meeting the tests

If you have obtain for an extension to file your taxes and unforeseen events makes it impossible for you to attend either the bona fide residence test or the physical presence test, you should file income tax return as soon as possible. You are liable to pay the interest on any tax due after the regular due date of the return (Irrespective of your extension which was already granted).

Late Payment

Interest: If your taxes are unpaid on or before the due date of your return, you owe interest to file IRS, irrespective of you qualifying for a two-month extension as you were out of the country. The interest runs throughout till you pay your tax. IRS may not accept reasons for not paying on time; you still owe interest to file.

Late payment penalty: If your tax payment is not done on or before April 15th of the taxation year, late penalty fee is usually charged as ½ of 1% of any tax (other than estimated tax). You get extra two months time to file your return because you were out of the country. It is charged for each month or part of the month for which tax is unpaid. The maximum percentage of penalty is 25%.

ExtensionTax.com- Why we are different

ExtensionTax.com is one of the premier e-file service providers in the Tax Industry since 2007. E-filing is the most professional way to file your extension tax return with IRS. This saves up your time, money and energy which are usually spent lavishly in paper filing.

If you are out of the country, get your tax extension to file your income tax return

• Complete the procedure for filing an extension in just 3 simple steps
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• Receive an Email Confirmation once the extension is IRS Approved
• No Penalty to File an Extension
• Benefit of managing multiple businesses and personnel extension tax return through one single account
• File an extension anytime, anywhere. 99% of Tax Extensions filed through us were accepted by IRS