IRS Form 2555 Foreign Earned Income

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IRS Form 2555 Foreign Earned Income

What Is IRS Form 2555?

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.

FAQ

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: US individuals who have earned income from foreign sources need to file IRS Form 2555.

Q: What is considered foreign earned income?
A: Foreign earned income includes wages, salary, or self-employment income earned in a foreign country.

Q: What is the purpose of filing IRS Form 2555?
A: The purpose of filing IRS Form 2555 is to exclude a portion of foreign earned income from US taxation.

Q: Can I claim the foreign earned income exclusion if I work for a US company abroad?
A: Yes, you can claim the foreign earned income exclusion if you meet the requirements, even if you work for a US company abroad.

Q: What are the requirements to claim the foreign earned income exclusion?
A: To claim the foreign earned income exclusion, you must meet either the bona fide residence test or the physical presence test.

Q: What is the difference between the bona fide residence test and the physical presence test?
A: The bona fide residence test requires you to be a bona fide resident of a foreign country for an uninterrupted period, while the physical presence test requires you to be physically present in a foreign country for a certain number of days.

Q: Can I claim a foreign housing deduction or exclusion in addition to the foreign earned income exclusion?
A: Yes, you may be able to claim a foreign housing deduction or exclusion in addition to the foreign earned income exclusion.

Q: When is the deadline to file IRS Form 2555?
A: The deadline to file IRS Form 2555 is typically the same as the deadline to file your individual income tax return, which is April 15th, unless extended.

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Form Details:

  • A 3-page form available for download in PDF;
  • Actual and valid for filing 2023 taxes;
  • Editable, printable, and free;
  • Fill out the form in our online filing application.

Download a fillable version of IRS Form 2555 through the link below or browse more documents in our library of IRS Forms.

Download IRS Form 2555 Foreign Earned Income

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