In a recent edition of TaxTips, the IRS reminds taxpayers of pending deadlines related to foreign income and assets.
All U.S. citizens and residents must report worldwide income on their federal income tax return. If you lived outside the U.S. on the regular due date of your tax return, the extended filing deadline for your 2014 tax return is Monday, June 15, 2015. Similarly, the deadline to report interests in certain foreign financial accounts is the end of June. Click here for some important tips to know if these reporting rules apply to you.
