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Follow these steps to generate Form 2555, Foreign Income Exclusion: Go to the Input Return tab. On the left-side menu, select Deductions. Click on Form 2555 General Info. Fill out the appropriate input fields. Scroll down to the Travel Information section. Click inside the Name of country (if not United States) field.
The IRS highly recommends e-filing because its easier, faster, and more secure than filing on paper. The most notable and important foreign income forms for a U.S. income tax return are the Form 1116, Foreign Tax Credit, and Form 2555, Foreign Earned Income.
You meet the physical presence test if you are physically present in a foreign country or countries 330 full days during any period of 12 consecutive months including some part of the year at issue. The 330 qualifying days do not have to be consecutive.
Go to .irs.gov/Form2555 for instructions and the latest information.
Foreign income sources Your clients must declare all income they receive from foreign sources during the financial year in their tax returns. Foreign and worldwide income includes: business income. foreign employment income.
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People also ask

Form 2555 is optional and used to the advantage of expats. It is not mandatory and there are no penalties.
IRS.GOV/FREEFILE. Visit the Free File Site. Start the Process. Get Registered. Select Your 1040. Fill Out Your Tax Forms. E-File Your Tax Form. CREATE AN ACCOUNT.
Form 2555 is a tax form that can be filed by US citizens and Green Card Holders who have earned income from outside the United States and Puerto Rico. It is used to claim the foreign earned income exclusion and/or the foreign housing exclusion.