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Government Gazette Vol. 421, No. 21362, 7 July 2000 GENERAL NOTICE 2555 of 2000 PROMOTION OF ACCESS TO INFORMATION ACT, 2000 (ACT NO. 2 OF 2000) INVITATION TO MAKE SUBMISSIONS REGARDING PROPOSED COMMENCEMENT

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What is notice no 2555 of?

Notice no 2555 refers to the Foreign Earned Income form for the Internal Revenue Service (IRS). It is used by US citizens or residents living abroad to report their foreign earned income and claim a foreign housing exclusion or deduction.

Who is required to file notice no 2555 of?

US citizens or residents who have earned income from foreign sources and meet the eligibility criteria must file notice no 2555 with the IRS. Generally, individuals who meet either the bona fide residence test or the physical presence test qualify for filing this form.

How to fill out notice no 2555 of?

To fill out notice no 2555, you need to provide your personal information, foreign earned income details, and information about your foreign housing expenses. The form requires you to calculate and report your foreign earned income exclusion or deduction and any applicable tax credits.

What is the purpose of notice no 2555 of?

The purpose of notice no 2555 is to allow US citizens or residents living abroad to exclude or deduct their foreign earned income and housing expenses from their taxable income. This helps to mitigate double taxation and recognizes the additional costs associated with living in a foreign country.

What information must be reported on notice no 2555 of?

Notice no 2555 requires you to report your personal information, such as name, address, and Social Security number. You must also provide details about your foreign earned income, foreign housing expenses, and any taxes paid to foreign countries. Additionally, you need to indicate if you are claiming a tax treaty benefit.

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