Per IRS Notice 2018-26, taxpayers that qualify for the automatic two-month extension to June 15 under Treasury Regulation 1.6081-5, will have this same two month extension applied to the first payment due under the transition tax. In general, this extension applies to Americans living in a foreign country.
The Notice provides further guidance, as can be seen by clicking here, but this was the biggest development, especially for many tax professionals working with limited time before the April 17th deadline.
