Form 2555

(redirected from Forms 2555)

Form 2555

A 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 regardless of the amount one earns abroad, but the maximum exclusion is $92,900 (as of 2011).
References in periodicals archive ?
Of the top six countries, (those with the highest average wages with at least 5,000 Forms 2555 attached to individual tax returns); returns from Hong Kong-based taxpayers reported the highest average salary ($182,500) for 2011, followed by Singapore ($177,059).
Figure C shows that, of the top eight countries (those with the largest number of Forms 2555 attached), returns from the United Kingdom reported the highest average salary at $174,700, while Israel reported the lowest with an average salary of $61,189.