Get Irs Instructions 2555 2020

This guide provides a step-by-step process for filling out the IRS Instructions 2555, which allows individuals living abroad to claim foreign earned income exclusions. The information is tailored for users with varying levels of experience, ensuring clarity and support throughout the process.

Follow the steps to fill out the form correctly.

1. Press the ‘Get Form’ button to access the form and open it in the editor.
2. Begin by entering your full address including city, state or province, country, and ZIP or foreign postal code in Line 1. For military or diplomatic addresses, ensure the country where you are living or stationed is included.
3. In Line 9, state your tax home(s) along with the date(s) they were established. This is critical to demonstrate that you meet the tax home test.
4. Complete either Part II or Part III of the form, but not both. If claiming the bona fide residence test (Part II), ensure that you have resided in a foreign country for an uninterrupted period including the entire tax year. If opting for the physical presence test (Part III), account for at least 330 full days of presence in a foreign country during any 12-month period.
5. Proceed to specify your foreign earned income in Part IV. Report the total amount earned during the tax year, which includes wages, salaries, and allowances.
6. If applicable, report your housing expenses in Part VI. List the reasonable expenses incurred for housing during the tax year that qualify under the outlined criteria.
7. If you and your partner both qualify for the exclusion, ensure you complete the appropriate section for each individual in Part VII. Each person must calculate their exclusion separately.
8. After completing the form, review all sections for accuracy. Save any changes you have made to the form.
9. Finally, download, print, or share the completed form as necessary to meet your filing obligations or deadlines.

Complete your IRS Instructions 2555 online today and ensure you maximize your eligible foreign income exclusions.