To request more time, return the IRS notice with the words "COMBAT ZONE" in red on the notice and on the envelope. Military members serving in a combat zone or contingency operation can also get more time to deal with IRS notices, including collections and audits. In that case, the IRS can extend your deadline to make an IRA contribution to 180 days after you leave the combat zone, the area is no longer designated as a combat zone, or you're no longer on a contingency operation. Suppose you're serving in a combat zone or contingency operation, or you're hospitalized. For example, you have until April 15, 2024, to make a 2023 IRA contribution. Typically, you have until April 15 of the current tax year to contribute to a Traditional or Roth IRA for the previous year unless the filing date is extended for a holiday or other reason. You don't have to file a joint return your spouse will qualify even if you file separate returns. If you qualify for an extension, your spouse and dependents also qualify. Contingency operations are designated by the secretary of defense or by a call to duty that results from Congress or the president declaring war or a national emergency. Areas are designated as combat zones by executive order. That means you would have 195 days from your last day of service to file your return and pay any taxes due, or 180 days plus the 15 remaining from April 1 to April 15.Īs long as you pay your tax in full by the end of this deferral period, the IRS won't charge interest or penalties.Ĭombat zones are areas where the Armed Forces have engaged or are engaging in combat. The operation is no longer considered a contingency operationĪdd the number of days you had left to file when you began qualifying service.įor example, if you began serving in a combat zone on April 1, you had 15 days until the typical April 15 filing deadline. The area is no longer designated as a combat zone.To calculate the extension, count 180 days after: due to injuries sustained in a combat zone or hazardous duty area. You also qualify for an extension if you're hospitalized outside of the U.S. Military members serving in a combat zone or contingency operation qualify for an automatic extension, which will extend the deadline to file a return, pay taxes owed, or file a claim for a refund. The IRS will only send a response if it denies your request for extra time. The letter should explain why you need extra time to file. To request the discretionary two-month extension, you must send a letter to the IRS by October 16. You may also be able to request an extra two-month discretionary extension, which pushes your filing deadline back to December 15. If you can't file by June 15, you can request an additional four-month extension using Form 4868. But, if you owe tax, the IRS will still charge interest and late payment penalties from the regular due date onward. To receive this extension, you must attach a statement to your tax return explaining your situation and how you qualify. This pushes the filing deadline back to June 15. or Puerto Rico qualify for an automatic two-month extension - no need to file Form 4868. Military members on active duty outside of the U.S. However, if you owe taxes, the IRS will charge interest from the date the payment was due unless you make your payment by the original filing deadline. If you're in the United States, you can get an extra six months to file a federal income tax return by submitting IRS Form 4868 before the filing deadline. Filing tax returns and making tax payments Some members of the military, including those serving in a combat zone, can postpone certain tax deadlines. The IRS recognizes this fact and gives many military and support personnel an extension on their tax deadlines. This can make it difficult to file a military tax return or make payments on time. Members of the United States armed forces are often deployed outside of their home state or country when tax time rolls around. Which military tax return deadlines can be extended? Victims of these storms in Georgia and Alabama have until October 16, 2023, and the majority of California residents have until November 16, 2023, to file various individual and business tax returns and make certain tax payments. The Federal Emergency Management Agency (FEMA) declared certain regions in California, Georgia, and Alabama as federally declared disaster areas due to the disasters caused by recent storms.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |