Form 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).
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7,2014, Redfield filed a delinquent return, which included Form 2555, Foreign Earned Income, electing to exclude earnings from his work in Afghanistan.
911-7(a)(2)(i) provides that a Form 2555 or comparable form making the election may be attached to (1) a timely filed return (including extensions); (2) a timely amended return; or (3) an original return filed within one year after the due date of the return (without regard to extensions).
Also assist foreign companies looking to set up corporations in US, & eligibility for form 2555.
The Form 8938 instructions do not require that Form 2555 be filed with the income tax return.
Is the Form 2555 exclusion on the federal return equally applicable to a 540NR return?
An individual who elects the exclusion does so on Form 2555 (or Form 2555-EZ, if the circumstances are simple).
Unless otherwise stated, the statistics reported in this article are based on data compiled from Form 2555, Foreign Earned Income, Form 2555-EZ, Foreign Earned Income Exclusion, Form 1116, Foreign Tax Credit, and Form 1040, U.
Answer yes if the taxpayer (and spouse if filing a joint return) is not filing form 2555 or form 255-EZ to exclude from gross income earned in foreign countries or to deduct exclude foreign housing amount.
4 million individual income tax returns filed with the Internal Revenue Service, an estimated 334,851 had a Form 2555 attached, slightly more than 0.
The election must be made on Form 2555, Foreign Earned Income, or other comparable form.
1 Returns with a Form 2555 (4) Total foreign earned income 12.
For 2001, of the 130,255,237 individual income tax returns filed with the Internal Revenue Service, 294,763 had a Form 2555 attached, approximately 0.