Form 2555-EZ

Form 2555-EZ

A simplified form that one files with the IRS to claim a foreign earned income exclusion from U.S. taxation of income earned in a foreign country. One may file Form 2555-EZ (instead of Form 2555) if one's foreign income is less than $92,901 (the maximum amount as of 2011), if one is not self-employed, and if one does not claim deductions for moving expenses or housing.
Mentioned in ?
References in periodicals archive ?
The 2001 data presented in this article are based on a sample of individual income tax returns, Forms 1040, processed during Calendar Year 2002, with either a foreign tax credit, an attached Form 1116, a foreign-earned income exclusion, housing exclusion or housing deduction, or an attached Form 2555 or Form 2555-EZ.
5 percent of the sampled returns with an attached Form 2555 or Form 2555-EZ were for tax years prior to 2001, reported on delinquent returns processed during the 2001 filing period.
The sample was stratified based on: (1) the presence or absence of Form 2555, Foreign Earned Income, Form 2555-EZ, Foreign Earned Income Exclusion, and Form 1116, Foreign Tax Credit; (2) presence or absence of other specific forms or schedules; (3) the larger of positive income or negative income; (4) the size of business and farm receipts; and (5) the usefulness of returns for tax policy modeling purposes.