Instructions for IRS Form 2555 Foreign Earned Income

IRS Form 2555 Foreign Earned Income

This document contains official instructions for IRS Form 2555 , Foreign Earned Income - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 2555 is available for download through this link.

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 citizens or resident aliens who have earned income from a foreign country and want to exclude it from their taxable income need to file IRS Form 2555.

Q: What is foreign earned income?
A: Foreign earned income refers to income earned from working in a foreign country.

Q: How do I fill out IRS Form 2555?
A: To fill out IRS Form 2555, you need to provide information about your foreign income, foreign housing expenses, and foreign tax paid.

Q: Is there a deadline to file IRS Form 2555?
A: Yes, IRS Form 2555 should be filed along with your annual tax return by the regular tax filing deadline, usually April 15th.

Q: Can I claim a foreign earned income exclusion if I live in the United States?
A: No, the foreign earned income exclusion is only available for US citizens or resident aliens who live and work in a foreign country.