Get the free Form 2555-EZ

This document provides instructions for filing Form 2555-EZ, which allows qualified U.S. citizens and resident aliens to exclude a limited amount of their foreign earned income from U.S. taxation.

How to fill out form 2555-ez

How to fill out Form 2555-EZ

1. Obtain Form 2555-EZ from the IRS website or other official sources.
2. Fill in your personal information, including your name, address, and Social Security number.
3. Indicate your foreign address in lines 1a and 1b.
4. Confirm your tax year at the top of the form.
5. Check the box for the qualifying position and the qualifying period. (Ensure you meet the requirements for each.)
6. Report your foreign earned income on line 7. Include any compensation for personal services.
7. If applicable, complete line 8 for housing expenses.
8. Enter your total foreign earned income and housing exclusion on line 10.
9. Calculate the total exclusion available to you using the guidelines provided.
10. Sign and date the form, then submit it with your tax return.

Who needs Form 2555-EZ?

1. U.S. citizens or resident aliens who live and work abroad.
2. Taxpayers seeking to exclude their foreign earned income from U.S. taxation.
3. Individuals who meet the physical presence test or the bona fide residence test.

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 must be filed by U.S. citizens or resident aliens who are living and working abroad and have foreign earned income, and who meet specific eligibility criteria such as having a foreign tax home and meeting the physical presence test.

How to fill out Form 2555-EZ?

To fill out Form 2555-EZ, taxpayers must provide their personal information, report their foreign earned income, and include details about their housing costs. The form has specific sections that need to be completed based on the earned income and housing exclusion eligibility.

What is the purpose of Form 2555-EZ?

The purpose of Form 2555-EZ is to allow eligible U.S. citizens and resident aliens to exclude certain foreign earned income and housing costs from their taxable income to avoid double taxation.

What information must be reported on Form 2555-EZ?

Form 2555-EZ requires reporting the taxpayer's foreign earned income, the amount of housing costs, and confirmation of qualifications such as meeting the physical presence test or the bona fide residence test.