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IRS Filing Deadlines

 Here are the key quarterly IRS deadlines most U.S. businesses need to know. If any deadline falls on a weekend or federal holiday, it moves to the next business day. Quarterly payroll tax returns (Form 941) • Q1 (Jan 1–Mar 31) – file by April 30 • Q2 (Apr 1–Jun 30) – file by July 31 • Q3 (Jul 1–Sep 30) – file by October 31 • Q4 (Oct 1–Dec 31) – file by January 31 (of the following year) Quarterly estimated income tax payments A. Individuals, sole proprietors, partners, S-corp shareholders (Form 1040-ES) and estates/trusts (Form 1041-ES) • Q1 payment – April 15 • Q2 payment – June 15 (or next business day) • Q3 payment – September 15 • Q4 payment – January 15 (of the following year) B. C corporations (Form 1120-W) • Q1 payment – April 15 • Q2 payment – June 15 • Q3 payment – September 15 • Q4 payment – December 15 Make sure you also deposit withheld payroll taxes according to your deposit schedule (semi-weekly or monthly) and file any state/local returns as required. If you’re ever...
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Can You Claim the Child and Dependent Care Tax Credit (CDCTC) While Living Abroad?

  ✅ Yes, you  can  potentially claim the  Child and Dependent Care Tax Credit (CDCTC)  while living abroad — but only if certain requirements are met. 🔑 Key Rules for the CDCTC Abroad Qualifying Person A child under  13 years old  whom you claim as a dependent,  or A spouse or dependent of any age who is physically or mentally unable to care for themselves. Work-Related Expense Requirement Care expenses must enable you (and your spouse if filing jointly) to  work or look for work . “Work” also includes  being a full-time student  or  incapable of self-care . If you’re working for a foreign employer,  your foreign earned income counts  as long as it’s reported on your U.S. return. Type of Expenses That Qualify Daycare, babysitters, after-school programs, or similar. Can be paid to individuals or care centers,  even abroad . Not allowed:  Payments to your spouse, another parent, or a child under 19. Provider ...
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What are the Tax Credits for Americans Living and Working Abroad?

Americans living and working abroad can take advantage of several  tax credits  to reduce their U.S. tax liability. Here are the key ones: 1. Foreign Tax Credit (FTC) – Most Important What it does:  Offsets U.S. taxes dollar-for-dollar for taxes paid to a foreign country. Who qualifies:  Anyone who pays income taxes to a foreign government (e.g., via payroll, capital gains, dividends). How to claim:   Form 1116  (or  Form 1118  for corporations). Key rules: Must be an  income tax  (not VAT, property tax, etc.). Can carry unused credits  back 1 year  and  forward 10 years . Can choose between  FTC  and  Foreign Earned Income Exclusion (FEIE) —whichever saves more. 2. Foreign Earned Income Exclusion (FEIE) – Not a Credit, but Helps What it does:  Excludes up to ~ $120,000 (2025 est.)  of foreign-earned income from U.S. taxes. Who qualifies:  Must pass either the  Bona Fide Residence Test ...
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