§ 8.9 Due Date of Taxes

• Library: Rights of Foreign Nationals (OSBar) (2020 Ed.)

§ 8.9 DUE DATE OF TAXES

The typical deadline for a U.S. tax return and any taxes due is April 15 of the following year (i.e., an annual assessment). Treas Reg § 1.6072-1(a)(1); see IRC § 6071(a) (Treasury Department sets the due date for returns); IRC § 6151(a) (tax is due at the same time the return is due). For those who are self-employed or have other sources of income not subject to withholding at source, estimated taxes must be paid quarterly during the year, and an underpayment penalty (equal to late payment interest) is charged if taxes are underpaid by more than $1,000. See IRC § 6654(a), (c), (e)(1). Exceptions to the underpayment penalty are paying 100 or 110 percent of last year's tax (depending on the individual's income level) or 90 percent of the final current year tax. IRC § 6654(d)(1).

CAVEAT: In response to the COVID-19 pandemic, the IRS extended

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