Working & Living Abroad – Don’t forget to file your 2024 tax return by June 16th

This is your friendly reminder to file your 2024 tax return and pay any tax due by June 16, 2025 (June 15^th falls on a Sunday) if you are a U.S. Citizen or resident alien and are working and living abroad. This applies to anyone living outside of the U.S. and Puerto Rico AND main place of business or post of duty is located outside of the U.S. and Puerto Rico or Military or Naval Service on duty is located outside of the U.S. and Puerto Rico. Do not forget to include a written statement indicating which scenario applies to your situation with your filed tax return.

Extensions are available for anyone who cannot meet the June 16^th filing deadline which applies to the tax filing deadline, not the tax payment deadline. Extensions can be requested electronically by going to the IRS website for more information. Extension requests can be sent via U.S. mail if taxpayers are unable to request an electronic extension. By submitting Form 7004, businesses may qualify for a longer extension period (six months); further details are available here. If living abroad based on Military or Naval Service reasons, you may be eligible for an automatic two-month extension to file your tax return without having to submit a request for an extension if using a calendar year and April 15^th is your filing deadline.

You may be eligible for special tax benefits while living abroad which would only be obtained by filing a U.S. tax return. For taxpayers with foreign financial accounts, do not forget to report those accounts to the U.S. Treasury Department, regardless if there is taxable income generated by such accounts. If taxpayers have any virtual currency transactions, these would need to be reported to the IRS on tax returns as these are typically considered taxable such as any other property transaction would be.

If you have any questions regarding your tax return(s) or received a notice from the IRS, FTB, EDD or any other regulatory agency, please call or email Wilson Tax Law Group, APLC, to setup a consultation with our firm.

Wilson Tax Law Group, APLC is a boutique Orange County tax controversy law firm that specializes in representation of individuals and businesses before federal and state tax authorities with audits, appeals, FBAR, offshore compliance, litigation and criminal defense.  Firm founder, Joseph P. Wilson, is a former Federal tax prosecutor and trial attorney for the IRS and California Franchise Tax Board.  Wilson Tax Law Group, APLC, is comprised of former IRS litigators & Special Agents, and Assistant US Attorneys from the US Attorney’s Office, Central District of California, Tax Division, which at the time handled both civil tax lawsuits and criminal tax prosecutions on behalf of the United States of America.

For further information, or to arrange a consultation please contact: Wilson Tax Law Group, APLC

Tel: (949) 397-2292 (Newport Beach Office) 

Tel: (714) 463-4430 (Yorba Linda Office)

Disclaimer: This blog post is for informational purposes only and does not constitute legal, tax or financial advice. Please consult with a qualified attorney, accountant or financial advisor for specific guidance related to your circumstances.