This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 2555 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 2555?
A: IRS Form 2555 is a tax form used to report foreign earned income.
Q: Who needs to file IRS Form 2555?
A: Individuals who have earned income from foreign sources may need to file IRS Form 2555.
Q: What is considered foreign earned income?
A: Foreign earned income refers to income earned while living and working abroad.
Q: What is the purpose of IRS Form 2555?
A: The purpose of IRS Form 2555 is to calculate the foreign earned income exclusion and any foreign housing exclusion or deduction.
Q: What is the foreign earned income exclusion?
A: The foreign earned income exclusion allows individuals to exclude a certain amount of foreign earned income from their taxable income.
Q: What is the foreign housing exclusion or deduction?
A: The foreign housing exclusion or deduction allows individuals to exclude or deduct certain housing expenses incurred while living abroad.
Q: Can I claim both the foreign earned income exclusion and the foreign housing exclusion or deduction?
A: Yes, it is possible to claim both the foreign earned income exclusion and the foreign housing exclusion or deduction, if eligible.
Q: How do I file IRS Form 2555?
A: IRS Form 2555 should be filed along with your annual tax return, typically Form 1040.
Q: Are there any limitations or qualifications for claiming the foreign earned income exclusion?
A: Yes, there are limitations and qualifications, such as meeting the bona fide residence or physical presence tests.
Form Details:
Download a fillable version of IRS Form 2555 through the link below or browse more documents in our library of IRS Forms.