WHAT IS IRS FROM 2350?

Application for Automatic Extension of Time To File U.S. Individual Income Tax Return
For U.S. Citizens and Resident Aliens Abroad Who Expect To Qualify for Special Tax Treatment

Generally, the extension of time for Individuals would be 6 months, certain case can get more time when living outside the United States and meet certain tests, you may be able to get a longer extension.

You can get an extension of time to file your tax return if you need the time to meet either the bona fide residence test or the physical presence test to qualify for either the foreign earned income exclusion or the foreign housing exclusion or deduction. You should request an extension if all three of the following apply:

  • You are a U.S. citizen or resident alien,
  • You expect to meet either the bonafide residence test or the physical presence test, but not until after your tax return is due, and
  • Your tax home is in a foreign country (or countries) throughout your period of bona fide residence or physical presence, whichever applies.

Generally, the extension would be for 30 days and beyond the date on which you can reasonably expect to qualify under either the bona fide residence test or the physical presence test. However, if you have moving expenses that are for services performed in 2 years, you may be granted an extension to 90 days beyond the close of the year following the year of first arrival in the foreign country. You may you’re your Income Tax Form 1040 any time before the extension expires.

Extension Form 2350:

You must file Form 2350 by the due date for filing your return. Generally, if both your tax home and your abode are outside the United States and Puerto Rico on the regular due date of your return and you file on a calendar year basis, the due date for filing your return is June 15. Form 2350 does not extend the time to pay taxes. If you do not pay the amount due by the regular due date, you will owe interest. You may also be charged penalties. You will owe interest on any tax not paid by the regular due date of your return, which is normally April 15 – even if you qualify for the 2-month extension because you were out of the country. The interest runs until you pay the tax. Even if you had a good reason for not paying on time, you will still owe interest.

What If Tests Are Not Met

If you obtain an extension of time and unforeseen events make it impossible for you to satisfy either the bona fide residence test or the physical presence test, you should file your income tax return as soon as possible because you must pay interest on any tax due after the regular due date of the return (even though an extension was granted).