Get the free Form 2555-EZ

This document provides instructions for U.S. citizens and resident aliens claiming the foreign earned income exclusion under Form 2555-EZ, including eligibility criteria, filing procedures, and tax

How to fill out form 2555-ez

How to fill out Form 2555-EZ

1. Gather your personal information, including your name, address, and Social Security number.
2. Determine if you meet the qualifying criteria to use Form 2555-EZ, which includes being a U.S. citizen or resident alien and having foreign earned income.
3. Fill in the required sections of the form, providing details about your foreign income, including the amount and type of income earned abroad.
4. Complete the sections related to your foreign residency, including the physical presence test or bonafide residence test as applicable.
5. Check the appropriate box to indicate whether you are claiming the foreign housing exclusion.
6. Review the form for accuracy, ensuring all fields are completed correctly.
7. Sign and date the form before submitting it with your tax return.

Who needs Form 2555-EZ?

1. U.S. citizens or resident aliens with foreign earned income who meet the criteria for the physical presence test or the bonafide residence test.
2. Individuals who have not claimed the foreign housing exclusion or deduction.
3. Taxpayers who do not have self-employment income.

People Also Ask about

Can fiscal year tax returns be filed electronically?

Yes, you can file an original Form 1040 series tax return electronically using any filing status. Filing your return electronically is faster, safer, and more accurate than mailing your tax return because it's transmitted electronically to the IRS computer systems.

What is the EZ tax form?

Form 1040EZ was a shortened version of Form 1040 for taxpayers with basic tax situations. The form was discontinued as of the 2018 tax year and replaced with the redesigned Form 1040. Form 1040EZ could only be used by people with no dependents who were younger than age 65 and earned less than $100,000 per year.

Which forms Cannot be electronically filed?

Form 8283, Noncash Charitable Contributions. Form 8873, Extraterritorial Income Exclusion. Form 14039, Identity Theft Affidavit. Form W-7, Application for IRS Individual Taxpayer Identification Number.

What forms can be electronically filed with the IRS?

The following form types can be e-filed through the MeF Platform: Corporations (Forms 1120, 1120-F and 1120-S) Employment Tax (Forms 940, 940-PR, 941, 941-PR, 941-SS, 943, 943-PR, 944, and 945) 94x Online Signature PIN Registration. Exempt Organizations (Forms 990, 990-EZ, 990-N, 990-PF, 990-T, 1120-POL and 4720)

What is form 2555 EZ?

Form 2555 (Foreign Earned Income Exclusion) calculates the amount of foreign earned income and/or foreign housing you can exclude from taxation. Form 2555-EZ is a simplified version of this form.

Who needs to fill out form 2555?

U.S. Taxpayers living and working outside the United States may qualify to have a certain portion of their income excluded for U.S. tax purposes on IRS Form 2555. The foreign earned income exclusion is a method that taxpayers can use to exclude a certain portion of their income for tax purposes.

Can I file my US tax return online?

The IRS recommends using tax preparation software to e-file for the easiest and most accurate returns and fastest refunds. You may be able to file free online through IRS Direct File if you are in one of 25 participating states and have a simple tax return.

Can form 2555 be filed electronically?

Up to two Forms 2555 can be e-filed per return, one for each taxpayer. Note. Once you choose to exclude your foreign earned income, that choice remains in effect for that year and all later years unless you revoke it.

For pdfFiller’s FAQs

What is Form 2555-EZ?

Form 2555-EZ is a simplified version of Form 2555 used by U.S. citizens and resident aliens to claim the Foreign Earned Income Exclusion and the Foreign Housing Exclusion or Deduction.

Who is required to file Form 2555-EZ?

Form 2555-EZ is required to be filed by U.S. citizens or resident aliens who have foreign earned income and meet certain eligibility criteria, including having a tax home in a foreign country.

How to fill out Form 2555-EZ?

To fill out Form 2555-EZ, individuals must provide personal information, details about their foreign earned income, the foreign address, and any qualifying foreign housing amounts. The form is generally straightforward and requires less detailed information than its full counterpart.

What is the purpose of Form 2555-EZ?

The purpose of Form 2555-EZ is to allow eligible taxpayers to exclude a certain amount of their foreign earned income from U.S. taxation and to claim a housing deduction or exclusion if they qualify.

What information must be reported on Form 2555-EZ?

Form 2555-EZ requires reporting of the taxpayer's name, address, foreign earned income, foreign housing amount, and residency information. Additionally, it requires a statement confirming that the taxpayer meets the bona fide residence or physical presence test.