April 15th U.S. Tax Returns Due

Due Date: Tuesday. April 15, 2008:
* In the United States April 15th is the due date for individual income tax returns on IRS Form 1040, 1040NR or an automatic six-month extension obtained by filing IRS Form 4868.
* It is also the due date for partnership Form 1065 or a request for an extension on Form 8736.
* April 15th is the due date for estates to file Form 1041 or to request an extension on Form 2758.
* Trusts should file Form 1041 or a request for extension on Form 8736.
* April 15th is the due date for making payments to an IRA or SEP-IRA retirement plans for the previous calendar year (2007).
* April 15th is the due date for the first quarterly estimated tax payment for individuals.

The Sovereign Society advocates full compliance with applicable tax and financial reporting laws for residents and citizens of all countries. U.S. law requires income taxes to be paid on all worldwide income wherever a U.S. person (citizen or resident alien) may live or have a residence.

Each U.S. person who has a financial interest in, or signature authority over, bank, securities, or other financial accounts in a foreign country that exceeds $10,000 in aggregate value, must report that fact on his or her federal income tax return IRS Form 1040. An additional report must be filed by June 30th of each year on an information return (Form TDF 9022.1) with the U.S. Treasury.

Willful noncompliance may result in criminal prosecution. You should consult a qualified attorney or accountant to ensure that you know, understand and comply with these and any other reporting requirements.

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