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Friday, April 6, 2018

Reminder that this Year's April Filing Deadline is April 17

This a reminder that the federal filing deadline for individual returns is Tuesday, April 17, 2017.
It is April 17 instead of Monday April 16 because of the Emancipation Day holiday in the District of Columbia.
For e-filed returns that are rejected on April 17, the return will be considered timely filed if it is retransmitted and accepted by April 22.
The first federal individual 2018 estimated payment is also due by April 17.
April 17 is also the deadline for the following:
  • To file an automatic six month extension (Form 4868) for individual federal returns. Remember the six month extension is for filing the return only. Any tax due must be paid by April 17 to avoid any penalty and interest.
  • Making a contribution to an IRA for tax year 2017
  • Filing 2017 calendar year federal corporate tax returns (Form 1120)
  • Filing 2017 estate or trust income tax returns (Form 1041)
  • Filing an FBAR (FinCen Form 114) for individuals that have foreign financial accounts over $10,000 at any time during 2017
The filing deadline is automatically extended (without having to file a Form 4868) for the following taxpayers:
  • U.S. citizens and resident aliens who live and work abroad, as well as members of the military on duty outside the U.S. have until June 15 to file and pay any tax due, although interest will be charged from April 17 on any tax that is paid on June 15.
  • Members of the military and others serving in a combat zone localities receive an automatic extension of the due date until at least 180 days after they leave the combat zone to file returns and pay any taxes due. For more details see Extensions of Deadlines on page 28 of Publication 3 (Armed Forces’ Tax Guide).

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