TaxProTalk.com

The SOP calls for 3 overdue tax returns.

Does 2018 become overdue on the 16th of April 2019 or on the 16th of June 2019? (assuming the taxpayer is accordingly overseas).

[This could be important because if you file 2018 before it is overdue, you might screw up your ability to file under the SOP.]

Thank you.

You should extend 2018 if you cannot timely file. Then, the years 2015, 2016, and 2017 should be filed as well.

It is a minimum of 3 delinquent returns. We have prepared many hundreds of returns using the SFOP. Several of these will have filed more than 3 years worth of back returns; especially those planning around expatriation.

Thank you so much - but when does 2018 become delinquent?

If a client walks in on the 20th of April, would you file 2016, 2017, and 2018? Or is 2018 not yet delinquent on that date because the taxpayer is overseas?

Thanks

In these circumstances, the US income tax return for 2018 is due to be filed by 17 June 2019; but can easily be extended until 16 December 2019 if necessary by filing an IRS Form 4868 by 17 June - followed by writing a letter to the IRS by 15 October 2019. An FBAR for 2018 must, however, if needed be filed with the US Treasury by 15 October 2019.