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 on January 1, 2017. 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 by U.S. citizens or residents who have foreign earned income to exclude a portion of that income from their taxable income.
Q: Who needs to fill out IRS Form 2555?
A: U.S. citizens or residents who have foreign earned income and want to exclude a portion of that income from their taxable income need to fill out IRS Form 2555.
Q: What is foreign earned income?
A: Foreign earned income is income received for services performed in a foreign country while a person is a U.S. citizen or resident.
Q: Can all foreign earned income be excluded using IRS Form 2555?
A: No, not all foreign earned income can be excluded using IRS Form 2555. There are limits and requirements that need to be met.
Q: What are the requirements to qualify for the foreign earned income exclusion?
A: To qualify for the foreign earned income exclusion, you must meet either the bona fide residence test or the physical presence test, among other requirements.
Q: How do I calculate the amount that can be excluded using IRS Form 2555?
A: The amount that can be excluded using IRS Form 2555 is based on a formula that takes into account your foreign earned income and the maximum exclusion limit set by the IRS.
Q: When do I need to file IRS Form 2555?
A: IRS Form 2555 is filed with your annual income tax return, typically due by April 15th of the following year.
Q: Is there a fee to file IRS Form 2555?
A: No, there is no fee to file IRS Form 2555.
Q: Can I e-file IRS Form 2555?
A: No, IRS Form 2555 cannot be e-filed. It must be filed by mail with your annual income tax return.
Form Details:
Download a fillable version of IRS Form 2555 through the link below or browse more documents in our library of IRS Forms.