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2. Foreign earned income exclusion - Wikipedia

   en.wikipedia.org/.../Foreign_earned_income_exclusion

   The exclusion is an election. Taxpayers may claim the exclusion only if they file IRS Form 2555 or Form 2555-EZ. The form must be attached to a timely filed U.S. Individual Income Tax Return (IRS Form 1040) for the first year of election, or an amended timely filed return. IRS regulations allow the election with late-filed returns in some cases ...

3. Foreign housing exclusion - Wikipedia

   en.wikipedia.org/wiki/Foreign_housing_exclusion

   In other words, the housing amount must be deducted from the total foreign earned income to arrive at the excludable amount for foreign earned income exclusion purposes. Lastly, to choose the housing exclusion, Form 2555 is the only form allowed and must be completely filled out. Form 2555-EZ cannot be used to claim the foreign housing exclusion.

4. IRS tax forms - Wikipedia

   en.wikipedia.org/wiki/IRS_tax_forms

   Form 2555, Foreign Earned Income, is filed by taxpayers who have earned income from sources outside the United States exempt from US income tax. US citizens or resident aliens are taxed on their worldwide income. For those who qualify, however, Form 2555 can be used to exclude foreign earned income up to (In USD): [49] $87,500 for 2007 [50]

5. Do I Need to Report Foreign Income on My Taxes? - AOL

   www.aol.com/required-report-foreign-income-taxes...

   Continue reading → The post How to Report Foreign Income Without a W-2 appeared first on SmartAsset Blog. As a U.S. citizen or legal permanent resident, the IRS is in charge of collecting a cut ...

6. 5 red flags that can trigger a tax audit from the IRS - AOL

   www.aol.com/finance/5-red-flags-trigger-tax...

   U.S. citizens who are bona fide residents of a foreign country can exclude up to $107,600 of their 2020 income if they were in that country for at least 330 full days during any period of 12 ...

7. Is There a Limit on Foreign Tax Credits? - AOL

   www.aol.com/limit-foreign-tax-credits-135850529.html

   The Foreign Tax Credit (FTC) is a non-refundable tax credit designed to alleviate this burden for U.S. citizens who earn income abroad by offsetting taxes paid to foreign governments and reducing ...