Get the free The Foreign Income Exclusion If you meet certain tests, you can ...

The Foreign Income Exclusion If you meet certain tests, you can elect the foreign earned income exclusion, subject to limitations. The election is made by completing Form 2555 or Form 2555 EZ and

How to fill out form foreign income exclusion

How to fill out Form Foreign Income Exclusion:

1. Begin by gathering all necessary documentation, including your foreign income statements, tax forms from the foreign country, and any relevant supporting documents.
2. Ensure you meet the eligibility criteria for claiming the foreign income exclusion. Generally, this applies to U.S. citizens or resident aliens who have foreign earned income and meet either the bona fide residence test or the physical presence test.
3. Obtain a copy of Form 2555, which is the form used to claim the foreign income exclusion. This form is available on the official website of the Internal Revenue Service (IRS).
4. Fill out the personal information section of Form 2555, including your name, social security number, and filing status.
5. Provide details about your foreign earned income, such as the country in which it was earned and the dates during which you were physically present in that country.
6. Calculate the amount of foreign earned income you are excluding and fill out the appropriate sections on Form 2555.
7. If you meet the requirements for claiming housing expenses, complete the relevant sections on Form 2555 to determine the allowable exclusion.
8. Review your completed Form 2555 for accuracy and completeness. Ensure that all necessary attachments and supporting documents are included.
9. Sign and date the form, along with any required schedules or additional forms, and make a copy for your records.
10. Submit your completed Form 2555, along with any other required forms and documentation, to the appropriate IRS office as instructed on the form.

Who needs Form Foreign Income Exclusion:

1. U.S. citizens or resident aliens who have earned income from a foreign country.
2. Individuals who meet either the bona fide residence test or the physical presence test as defined by the IRS.
3. Taxpayers who wish to exclude a portion of their foreign earned income from their taxable income in the United States.

For pdfFiller’s FAQs

How can I manage my form foreign income exclusion directly from Gmail?

It's easy to use pdfFiller's Gmail add-on to make and edit your form foreign income exclusion and any other documents you get right in your email. You can also eSign them. Take a look at the Google Workspace Marketplace and get pdfFiller for Gmail. Get rid of the time-consuming steps and easily manage your documents and eSignatures with the help of an app.

How can I modify form foreign income exclusion without leaving Google Drive?

People who need to keep track of documents and fill out forms quickly can connect PDF Filler to their Google Docs account. This means that they can make, edit, and sign documents right from their Google Drive. Make your form foreign income exclusion into a fillable form that you can manage and sign from any internet-connected device with this add-on.

How do I complete form foreign income exclusion on an iOS device?

Install the pdfFiller app on your iOS device to fill out papers. Create an account or log in if you already have one. After registering, upload your form foreign income exclusion. You may now use pdfFiller's advanced features like adding fillable fields and eSigning documents from any device, anywhere.