Schedule B Fillable: Fill & Download for Free

IRS REMINDS THOSE WITH FOREIGN ASSETS OF U.S. TAX OBLIGATIONSWASHINGTON — The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2014, that they may have a U.S. tax liability and a filing requirement in 2015.Most People Abroad Need to FileA filing requirement generally applies even if a taxpayer qualifies for tax benefits, such as the foreign earned income exclusion or the foreign tax credit , that substantially reduce or eliminate their U.S. tax liability. These tax benefits are not automatic and are only available if an eligible taxpayer files a U.S. income tax return.The filing deadline is Monday, June 15, 2015, for U.S. citizens and resident aliens whose tax home and abode are outside the United States and Puerto Rico, and for those serving in the military outside the U.S. and Puerto Rico, on the regular due date of their tax return. To use this automatic two-month extension, taxpayers must attach a statement to their return explaining which of these two situations applies. See U.S. Citizens and Resident Aliens Abroad for details.Nonresident aliens who received income from U.S. sources in 2014 also must determine whether they have a U.S. tax obligation. The filing deadline for nonresident aliens can be April 15 or June 15 depending on sources of income. See Taxation of Nonresident Alienson Internal Revenue Service.Special Reporting for Foreign Accounts and AssetsFederal law requires U.S. citizens and resident aliens to report any worldwide income, including income from foreign trusts and foreign bank and securities accounts. In most cases, affected taxpayers need to complete and attach Schedule B to their tax return. Part III of Schedule B asks about the existence of foreign accounts, such as bank and securities accounts, and usually requires U.S. citizens to report the country in which each account is located.Taxpayers with an interest in, or signature or other authority over, foreign financial accounts whose aggregate value exceeded $10,000 at any time during 2014 must file with the Treasury Department a Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts (FBAR). It is due to the Treasury Department by June 30, 2015, must be filed electronically and is only available online through the BSA E-Filing System website. For details regarding the FBAR requirements, see Report of Foreign Bank and Financial Accounts (FBAR).In addition, certain taxpayers may also have to complete and attach to their return Form 8938, Statement of Foreign Financial Assets. Generally, U.S. citizens, resident aliens and certain nonresident aliens must report specified foreign financial assets on this form if the aggregate value of those assets exceeds certain thresholds. See theinstructions for this form for details.IRS Simplifies Reporting for Canadian Retirement AccountsThe IRS has eliminated a special annual reporting requirement that has long applied to taxpayers who hold interests in either of two popular Canadian retirement plans. This is part of an IRS change announced in October making it easier for taxpayers with these plans to get favorable U.S. tax treatment. As a result, many Americans and Canadians with registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) no longer need to file Form 8891 each year reporting details on these plans. This change does not affect any other reporting requirements that may apply, such as FinCEN Form 114 and Form 8938.Report in U.S. DollarsAny income received or deductible expenses paid in foreign currency must be reported on a U.S. return in U.S. dollars. Likewise, any tax payments must be made in U.S. dollars.Both Form 114 and Form 8938 require the use of a Dec. 31 exchange rate for all transactions, regardless of the actual exchange rate on the date of the transaction. Generally, the IRS accepts any posted exchange rate that is used consistently. For more information on exchange rates, see Foreign Currency and Currency Exchange Rates.Expatriate ReportingTaxpayers who relinquished their U.S. citizenship or ceased to be lawful permanent residents of the United States during 2014 must file a dual-status alien return, attaching Form 8854, Initial and Annual Expatriation Statement. A copy of the Form 8854 must also be filed with Internal Revenue Service Philadelphia, PA 19255-0049, by the due date of the tax return (including extensions). See the instructions for this form and Notice 2009-85, Guidance for Expatriates Under Section 877A, for further details.Choose Free File or E-FileU.S. citizens and resident aliens living abroad can now use IRS Free File to prepare and electronically file their returns for free. This means both U.S. citizens and resident aliens living abroad with adjusted gross incomes (AGI) of $60,000 or less can use brand-name software to prepare their returns and then e-file them for free. A limited number of companies provide software that can accommodate foreign addresses. To determine which will work best, view the complete Free File Software list and the services provided.A second option, Free File Fillable Forms, the electronic version of IRS paper forms, has no income limit and is best suited to people who are comfortable preparing their own tax return.Both the e-file and Free File electronic filing options are available until Oct. 15, 2015, for anyone filing a 2014 return. Check out the e-file link on Internal Revenue Service for details on the various electronic filing options. Free File is not available to nonresident aliens required to file a Form 1040NR.Source: Foreign Assets of U.S. Tax Obligations - Protax

If you are a U.S. citizen or resident, you must report income from all sources within and outside of the U.S. The rules for filing income tax returns are generally the same whether you’re living in the U.S. or abroad. Here are seven tips from the IRS that U.S. taxpayers with foreign income should know:1. Report Worldwide Income. By law, U.S. citizens and resident aliens must report their worldwide income. This includes income from foreign trusts, and foreign bank and securities accounts.2. File Required Tax Forms. You may need to file Schedule B, Interest and Ordinary Dividends, with your U.S. tax return. You may also need to file Form 8938, Statement of Specified Foreign Financial Assets. In some cases, you may need to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts. See Internal Revenue Service for more information.3. Consider the Automatic Extension. If you’re living abroad and can’t file your return by the April 15 deadline, you may qualify for an automatic two-month filing extension. You’ll then have until June 16, 2014 to file your U.S. income tax return. This extension also applies to those serving in the military outside the U.S. You’ll need to attach a statement to your return to explain why you qualify for the extension.4. Review the Foreign Earned Income Exclusion. If you live and work abroad, you may be able to claim the foreign earned income exclusion. If you qualify, you won’t pay tax on up to $97,600 of your wages and other foreign earned income in 2013. See Form 2555, Foreign Earned Income, or Form 2555-EZ, Foreign Earned Income Exclusion, for more details.5. Don’t Overlook Credits and Deductions. You may be able to take a tax credit or a deduction for income taxes you paid to a foreign country. These benefits can reduce the amount of taxes you have to pay if both countries tax the same income.6. Use IRS Free File. Everyone can prepare and e-file their federal tax return for free by using IRS Free File. If you make $58,000 or less, you can use brand-name tax software. If you earn more, you can use Free File Fillable Forms, an electronic version of IRS paper forms. Free File is available only through the Internal Revenue Service website. Some Free File software products and fillable forms also support foreign addresses for those who live abroad.7. Get Tax Help Outside the U.S. The IRS has offices in Frankfurt, London, Paris and Beijing. IRS staff at these offices can help you with tax filing issues and answer your tax questions. Visit Internal Revenue Service for more information.Source: https://protaxconsulting.com/blog/2014/03/28/tips-for-u-s-taxpayers-with-foreign-income/

The "Non-Filers: Enter Payment Info" form doesn’t seem to exist.When you enter the site from the IRS link it automatically takes you to the 1040 form.Non-Filers: Enter Payment Info HereI think it should be located here: Welcome to Fillable Forms or here: Welcome to Fillable FormsBut it isn’t.Clicking on “Add a form” doesn’t show any relevant forms.Here is a list of the forms which show up:Form 1040 - U.S. Individual Income Tax ReturnForm 1040 Additional Dependents StatementW-2 - Wage and Tax StatementW-2G - Certain Gambling Winnings1099-R - Pension/IRA DistributionsDependent Identity Protection PIN - Form 1040Form 1040-V - Payment VoucherSchedule 1 - Additional Income and Adjustments to IncomeSchedule 2 - Additional TaxesSchedule 3 - Additional Credits and PaymentsSchedule 8812 - Additional Child Tax CreditSchedule A - Itemized DeductionsSchedule B - Interest & Ordinary DividendsSchedule B Part I - Additional Interest StatementSchedule B Part II - Additional Dividends StatementSchedule C - Profit or Loss From BusinessSchedule D - Capital Gains and LossesSchedule E - Supplemental Income and LossSchedule E - Supplemental Income and Loss, page 2Schedule EIC - Earned Income CreditDependent Identity Protection PIN - Schedule EICSchedule F - Profit or Loss From FarmingSchedule H - Household Employment Taxes - TaxpayerSchedule H - Household Employment Taxes - SpouseSchedule J - Income Averaging for Farmers and FishermenSchedule R - Credit for the Elderly or the DisabledSchedule SE - Self-Employment Tax - TaxpayerSchedule SE - Self-Employment Tax - SpouseSchedule SE - Self-Employment Tax Part B - TaxpayerSchedule SE - Self-Employment Tax Part B - SpouseForm 982 - Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)Form 1116 - Foreign Tax CreditForm 1310 - Statement of Person Claiming Refund Due a Deceased Taxpayer - TaxpayerForm 1310 - Statement of Person Claiming Refund Due a Deceased Taxpayer - SpouseForm 2106 - Employee Business Expenses - TaxpayerForm 2106 - Employee Business Expenses - SpouseForm 2120 - Multiple Support DeclarationForm 2210 - Underpayment of Estimated Tax by IndividualsForm 2210AI - Annualized IncomeForm 2210F - Underpayment of Estimated Tax by Farmers and FishermenForm 2439 - Notice to Shareholder of Undistributed Long-Term Capital GainsForm 2441 - Child & Dependent Care ExpensesAdditional Form 2441 Information StatementDependent Identity Protection PIN - Form 2441Form 2555 - Foreign Earned Income, Pages 1, 2 - TaxpayerForm 2555 - Foreign Earned Income, Page 3 - TaxpayerForm 2555 - Foreign Earned Income, Pages 1, 2 - SpouseForm 2555 - Foreign Earned Income, Page 3 - SpouseForm 3468 - Investment CreditForm 3800 - General Business CreditForm 3800, page 3 - General Business Credits Or Eligible Small Business CreditsForm 3903 - Moving ExpensesForm 4136 - Credit for Federal Tax Paid On FuelsForm 4137 - Social Security and Medicare Tax on Unreported Tip Income - TaxpayerForm 4137 - Social Security and Medicare Tax on Unreported Tip Income - SpouseForm 4255 - Recapture of Investment CreditForm 4684 - Casualties and Thefts Page 1Form 4684 - Casualties and Thefts Page 2Form 4684 - Casualties and Thefts Page 3Form 4684 - Casualties and Thefts Page 4Form 4797 - Sales of Business Property Page 1Form 4797 - Sales of Business Property Page 2Form 4835 - Farm Rental Income and ExpensesForm 4952 - Investment Interest Expense DeductionForm 4972 - Tax on Lump-Sum Distributions - TaxpayerForm 4972 - Tax on Lump-Sum Distributions - SpouseForm 5329 - Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts - TaxpayerForm 5329 - Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts - SpouseForm 5405 - Repayment of the First-Time Homebuyer CreditForm 5695 - Residential Energy CreditsForm 5884 - Work Opportunity CreditForm 6251 - Alternative Minimum Tax - IndividualsForm 6252 - Installment Sale IncomeForm 6765 - Credit for Increasing Research ActivitiesForm 6765 - Credit for Increasing Research Activities - Page 2Form 6781 - Gains and Losses from Section 1256 Contracts and StraddlesForm 8082 - Notice of Inconsistent Treatment or Administrative Adjustment Request (AAR)Form 8275 - Disclosure StatementForm 8275-R - Regulation Disclosure StatementForm 8283 - Noncash Charitable ContributionsForm 8379 - Injured Spouse AllocationForm 8396 - Mortgage Interest CreditForm 8453 - U.S. Individual Income Tax Transmittal for an IRS e-file ReturnForm 8582 - Passive Activity Loss Limitations Page 1Form 8582 - Passive Activity Loss Limitations Page 2Form 8582 - Passive Activity Loss Limitations Page 3Form 8582-CR - Passive Activity Credit LimitationsForm 8586 - Low-Income Housing CreditForm 8594 - Asset Acquisition Statement Under Section 1060Form 8606 - Nondeductible IRAs - TaxpayerForm 8606 - Nondeductible IRAs - SpouseForm 8609-A - Annual Statement for Low-Income Housing CreditForm 8611 - Recapture of Low-Income Housing CreditForm 8615 - Tax for Certain Children Who Have Unearned IncomeForm 8689 - Allocation of Individual Income Tax to the U.S. Virgin IslandsForm 8697 - Interest Computation Under the Look-Back Method for Completed Long-Term ContractsForm 8801 - Credit for Prior Year Minimum Tax - Individuals, Estates and TrustsForm 8814 - Parents' Election to Report Child's Interest and DividendsForm 8815 - Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989Form 8820 - Orphan Drug CreditForm 8824 - Like-Kind ExchangesForm 8826 - Disabled Access CreditForm 8828 - Recapture of Federal Mortgage SubsidyForm 8833 - Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)Form 8834 - Qualified Electric Vehicle CreditForm 8839 - Qualified Adoption ExpensesForm 8844 - Empowerment Zone Employment CreditForm 8845 - Indian Employment CreditForm 8846 - Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee TipsForm 8853 - Archer MSAs and Long-Term Care Insurance Contracts Page 1Form 8853 - Archer MSAs and Long-Term Care Insurance Contracts Page 2Form 8859 - District of Columbia First-Time Homebuyer CreditForm 8862 - Information to Claim Certain Refundable Credits After DisallowanceForm 8862 - Additional Information Statement for Part III and Part IVForm 8863 - Education CreditsForm 8863 Page 2 - Student and Educational Institution InformationForm 8880 - Credit for Qualified Retirement Savings ContributionsForm 8881 - Credit for Small Employer Pension Plan Startup CostsForm 8885 - Health Coverage Tax Credit - TaxpayerForm 8885 - Health Coverage Tax Credit - SpouseForm 8886 - Reportable Transaction Disclosure StatementForm 8888 - Allocation of Refund (Including Savings Bond Purchases)Form 8889 - Health Savings Accounts (HSAs) - TaxpayerForm 8889 - Health Savings Accounts (HSAs) - SpouseForm 8906 - Distilled Spirits CreditForm 8908 - Energy Efficient Home CreditForm 8910 - Alternative Motor Vehicle CreditForm 8911 - Alternative Fuel Vehicle Refueling Property CreditForm 8917 - Tuition and Fees DeductionForm 8919 - Uncollected Social Security and Medicare Tax on Wages - TaxpayerForm 8919 - Uncollected Social Security and Medicare Tax on Wages - SpouseForm 8932 - Credit for Employer Differential Wage PaymentsForm 8933 - Carbon Oxide Sequestration CreditForm 8936 - Qualified Plug-In Electric Drive Motor Vehicle CreditForm 8936 - Qualified Plug-In Electric Drive Motor Vehicle Credit - Additional Vehicles StatementForm 8938 - Statement of Specified Foreign Financial AssetsForm 8938 - Statement of Specified Foreign Financial Assets - Continuation StatementForm 8941 - Credit for Small Employer Health Insurance Premiums - TaxpayerForm 8941 - Credit for Small Employer Health Insurance Premiums - SpouseForm 8949 - Sales and Other Dispositions of Capital Assets - Page 1Form 8949 - Sales and Other Dispositions of Capital Assets - Page 2Form 8959 - Additional Medicare TaxForm 8960 - Net Investment Income Tax - Individuals, Estates, and TrustsForm 8962 - Premium Tax Credit (PTC)Form 8995 - Qualified Business Income Deduction Simplified ComputationForm 8995 - Qualified Business Income Deduction Simplified Computation - Continuation StatementForm 8995A - Qualified Business Income DeductionForm 8995A - Qualified Business Income Deduction - Continuation StatementForm 8995A Schedule A - Specified Service Trades or BusinessesForm 8995A Schedule A - Specified Service Trades or Businesses - Continuation StatementForm 8995A Schedule B - Aggregation of Business OperationsForm 8995A Schedule C - Loss Netting and CarryforwardForm 8995A Schedule C - Loss Netting and Carryforward - Continuation StatementForm 8995A Schedule D - Special Rules for Patrons of Agricultural or Horticultural CooperativesForm 8995A Schedule D - Special Rules for Patrons of Agricultural or Horticultural Cooperatives - Continuation StatementForm 9465 - Installment Agreement RequestForm 1040-ES - Individual Estimated Tax, Voucher 1Form 1040-ES - Individual Estimated Tax, Voucher 2Form 1040-ES - Individual Estimated Tax, Voucher 3Form 1040-ES - Individual Estimated Tax, Voucher 4