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What Are the Deadlines for Filing?
The standard deadline for filing U.S. taxes is April 15 (balance due). However, if you're living abroad, you automatically receive a two-month extension until June 15. If you need more time, you can file Form 4868 for an extension until October 15. In the event that you need additional time, you may write a letter to the IRS for special cases (provided you have previously filed Form 4868), and you may be granted an extension until December 15. Keep in mind that any taxes owed are still due by April 15 to avoid interest or penalties.
What is a Streamlined Filing?
Streamlined Filing is a program designed for U.S. taxpayers who have failed to file their tax returns or FBARs while living abroad but are not willfully avoiding their obligations. It allows you to catch up on your taxes without facing penalties. To qualify, you must certify that your non-compliance was unintentional and file the last three years of tax returns and the last six years of FBARs. This program is often used by expats who were unaware of their filing requirements.
Does The United States Allow Dual Citizenship?
Yes, the United States recognizes dual citizenship (also called dual nationality). This means you can be a citizen of the U.S. while also holding citizenship in another country. However, while the U.S. generally allows dual citizenship, it notes that dual nationality can sometimes create legal and practical complications. Here are some important considerations:
Oath of Allegiance: When becoming a naturalized U.S. citizen, you take an oath that includes renouncing allegiance to other sovereigns. Under U.S. law, this does not automatically cancel your other citizenship(s), but some countries may treat the oath (or naturalization) differently under their own laws, which could affect whether you keep that citizenship.
Responsibilities: As a dual citizen, you are subject to the laws and obligations of both countries, which can sometimes conflict. Depending on the countries involved, this may include tax or military-related obligations and other civic duties.
Travel: When traveling, U.S. citizens who are also citizens of another country are generally required to use a valid U.S. passport to enter and leave the United States (with only limited exceptions).
It’s important to check the laws of the other country where you hold citizenship, as some nations restrict or do not allow dual citizenship. If you’re considering dual citizenship, consulting with an immigration attorney or other qualified professional can help clarify your specific situation.
What is a FBAR?
The Foreign Bank Account Report (FBAR) is a form (FinCEN Form 114) that U.S. citizens, Green Card holders, and residents must file if they have foreign financial accounts exceeding $10,000 in total at any time during the calendar year. It’s submitted electronically through the Financial Crimes Enforcement Network (FinCEN) by April 15, with an automatic extension to October 15. The FBAR helps the U.S. government track offshore accounts to prevent tax evasion.