Get Publication 54 2011 Form

The maximum foreign earned income exclusion amount is adjusted annually for inflation. For tax year2021, the maximum foreign earned income exclusion is the lesser of the foreign income earned or $108,700 per qualifying person. For tax year2022, the maximum exclusion is $112,000 per person.

A non-resident of the US could apply the same treaty provision to US income that a US resident could apply to income received in the treaty country. As a self-employed expat in a country with a tax treaty, you can file Form 8833 to protect yourself from double taxation on your self-employment income.

Foreign interest and foreign dividends are reported on the 1040 and Schedule B. Even if it is below $1,500, since the interest and/or dividends will (usually) originate from a foreign financial account, Schedule B is filed for Part III of the form.

Form 2555 is a tax form that must be filed by nonresident aliens who have earned income from the United States. It is used to claim the foreign earned income exclusion and/or the foreign housing exclusion.

You need to file IRS form 2555 if you want to claim the Foreign Earned Income Exclusion. The FEIE is available to expats who either: Work outside the U.S. as employees, whether for a U.S. or non-U.S. employer. Work outside the U.S in a self-employed or partner capacity.

More In File Certain U.S. taxpayers holding specified foreign financial assets with an aggregate value exceeding $50,000 will report information about those assets on new Form 8938, which must be attached to the taxpayer's annual income tax return.

If you earned foreign income abroad, you report it to the U.S. on Form 1040. In addition, you may also have to file a few other forms relating to foreign income, like your FBAR (FinCEN Form 114) and FATCA Form 8938.

About Form 2555, Foreign Earned Income.