Deadline to File Form 1120-F and 1040-NR is Approaching

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If you’re a nonresident earning income in the U.S. or a foreign corporation with business operations in the U.S., mark your calendar for June 16, 2025. This is the filing deadline for Form 1040-NR or Form 1120-F, depending on your filing status.

If you’re scrambling to meet this deadline, don’t stress. Whether you’re running short on time or just need a little more breathing room, filing for an extension can give you the extra four months you need to get everything right. 

Keep reading to see how to extend your filing deadline and avoid those costly penalties—fast and easy with ExpressExtension!

Form 1120-F and 1040-NR – An overview

Before diving into extensions, let’s take a moment to understand what these forms are and who needs to file them.

Form 1120-F

This form is used by foreign corporations to report their income, gains, losses, deductions, and credits from U.S. sources. It calculates the U.S. tax liability of foreign corporations and allows them to claim refunds if taxes were overpaid. The form also covers special filings, such as treaty disclosures and branch profits tax.

You must file Form 1120-F if your foreign corporation:

• Is engaged in a trade or business in the U.S., regardless of whether you have U.S. source income or treaty exemptions.
• Has income, gains, or losses effectively connected with a U.S. trade or business.
• Has a U.S. source income, and your tax liability isn’t fully covered by withholding.
• Is a qualified derivatives dealer or holds certain investments requiring filing.
• Claims treaty benefits, refunds, or deductions related to U.S. income.
• Operates a branch of a U.S. insurance company or acts as a receiver or trustee of a foreign corporation’s assets.
  

Note: Even if your corporation has no gross income due to treaty or code exemptions, you may still need to file to report those exemptions or claim refunds.

Form 1040-NR 

This is the tax return nonresident aliens use to report their U.S.-source income. This includes wages, rental income, taxable scholarships, and other income connected to the U.S. It is the primary form to file for nonresident individuals who do not have a green card and do not meet the substantial presence test.

You must file Form 1040-NR if you are a nonresident alien who:

• Works in the U.S. or earns income from U.S. sources, such as rental properties or wages.
• Received taxable scholarships or fellowship grants.
• Wants to claim a refund for any overpaid U.S. taxes.
• Needs to comply with U.S. tax laws for visa or immigration purposes.

Both of these forms are essential for reporting U.S. income and ensuring proper tax compliance by foreign corporations and nonresident individuals. While they serve different purposes, both share a similar filing deadline of June 16, 2025, making timely submission critical to avoid penalties.

Why is filing an extension important?

Filing an extension form grants you more time to file your original tax forms without facing penalties for the delay in submission. But keep in mind that this extension ONLY extends the filing deadline; it doesn’t extend your tax payment deadline. So, make sure to plan accordingly!

Form 1120-F Extension

• If you need extra time to prepare and file your Form 1120-F, you can request an extension by filing Form 7004.
• Upon filing this extension, you can get an automatic extension of 4 months to complete and file your tax return.

Form 1040-NR – Extension

• If you need more time to complete your Form 1040-NR, you can request an extension by filing Form 4868.
• Upon filing this extension, you can get an automatic extension of 4 months to complete your tax return.

Don’t wait–file your extension fast with ExpressExtension

When it comes to filing an extension for Forms 1040-NR or 1120-F, every minute counts. Delaying until the last moment can lead to stress, mistakes, or even missed deadlines. That’s why ExpressExtension is designed to help you file your extension quickly and confidently.

ExpressExtension makes it easy to e-file your IRS extension requests with guaranteed acceptance. The process is straightforward, secure, and efficient, guiding you step-by-step to ensure everything is done right. If the IRS rejects your extension due to any errors, you can fix the information and resubmit your request without any additional fees.

Whether you’re an individual or a corporation handling tax responsibilities outside the U.S., filing your extension on time is key to staying compliant and avoiding penalties. 

Don’t risk missing the deadline — take action now and file your extension with ExpressExtension in just minutes.