Get the free Foreign Income Exclusion (Form 2555)

ORGANIZER 2013 1040 US Foreign Income Exclusion (Form 2555) No. 31.1 Please enter all pertinent 2013 information. GENERAL INFORMATION 1 spouse. . . . . . . . . . . . . . . . . . . . . . . . . . .

How to fill out foreign income exclusion form

How to fill out foreign income exclusion form:

Gather all necessary documentation:

1. Gather all relevant financial documents that show your foreign income, such as pay stubs, bank statements, and tax statements from the foreign country.
2. Collect any supporting documents that may be required, such as receipts or proof of expenses related to your foreign income.

Determine your eligibility for foreign income exclusion:

Determine if you meet the requirements for foreign income exclusion. The form is typically used by U.S. citizens or residents who earn income in a foreign country and meet certain criteria outlined by the Internal Revenue Service (IRS).

Obtain the necessary forms:

1. Obtain the foreign income exclusion form from the IRS website or your tax preparation software, or request a physical copy to be mailed to you.
2. Make sure you have the appropriate version of the form for the tax year you are filing.

Fill out personal information:

Fill out the top section of the form with your personal information, including your name, Social Security number or taxpayer identification number, and address.

Report your foreign income:

1. Provide accurate and detailed information about your foreign income in the designated section of the form.
2. Include information about the type of income received, the amount earned, and the currency in which it was received.

Calculate and claim foreign income exclusion:

1. Use the provided worksheets or tables to properly calculate your foreign income exclusion.
2. Follow the instructions on the form to determine the amount you can exclude from your U.S. tax liability.

Attach supporting documentation:

1. Include any required supporting documentation that verifies the accuracy of your foreign income and the eligibility for exclusion.
2. Make sure to keep copies of all documents for your records.

Review and sign the form:

1. Thoroughly review the completed form to ensure all information is accurate and complete.
2. Sign and date the form in the designated area.

Submit the form:

Depending on how you are filing your taxes, you can either mail the form along with any additional required documents or electronically file it through an authorized tax filing service.

Who needs the foreign income exclusion form?

1. U.S. citizens or residents who earned income in a foreign country and meet the criteria outlined by the IRS typically need to fill out the foreign income exclusion form.
2. Individuals who qualify and wish to exclude a portion of their foreign income from their U.S. tax liability should use this form to report their foreign income and claim the exclusion.

For pdfFiller’s FAQs

What is foreign income exclusion form?

The foreign income exclusion form is Form 2555 used by U.S. taxpayers to exclude certain foreign earned income from taxation.

Who is required to file foreign income exclusion form?

U.S. taxpayers who have foreign earned income and meet the requirements for the foreign income exclusion are required to file Form 2555.

How to fill out foreign income exclusion form?

To fill out Form 2555, taxpayers must provide information about their foreign earned income, foreign tax paid, the physical presence test, and any other required information.

What is the purpose of foreign income exclusion form?

The purpose of Form 2555 is to allow U.S. taxpayers living and working abroad to exclude a certain amount of their foreign earned income from taxation in the U.S.

What information must be reported on foreign income exclusion form?

Taxpayers must report their foreign earned income, foreign taxes paid, and any other required information to qualify for the foreign income exclusion.

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