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About Form 2555, Foreign Earned IncomeInternal Revenue

About Form 2555, Foreign Earned IncomeInternal Revenue

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Video instructions and help with filling out and completing About Form 2555, Foreign Earned IncomeInternal Revenue

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Instructions and help about 2020 irs form 2555

hello this is Elliot with real world taxes and in this video I'm going to explain how you can take the foreign earned income exclusion and the way you do that is to fill out form 2555 with your tax return so as with most things tax related there's a lot that could go into this but I'm going to try and keep this example as simple as possible and again and try to bring out the the principles that you need to know so that you can successfully fill out this form no matter what your particular circumstances are so this is a really helpful thing to know if you're considering moving to another country perhaps working as a a digital Nomad so to speak uh because the objective of this exclusion or this provision with the tax code is in most cases to basically zero out your income tax owed to the United States and so if you're a US citizen and you live abroad you're probably going going to have to pay taxes to the country in which you live so in ord

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