How to Complete IRS Form 2555 - Foreign Earned Income Exclusion

A U.S. citizen living abroad is still required to file an annual Form 1040 tax return and pay taxes on their worldwide gross income. However, they might be eligible to exclude their foreign earned income from gross wages.

In this video, I cover a simple example where a U.S. citizen moves to a foreign country on a temporary work permit, and is eligible to file Form 2555 with his tax return to exclude his salary from U.S. taxable income.

Here are some additional videos covering issues for U.S. expats:

Form 2350 (Additional Extension):    • IRS Form 2350 Extension Request - Foreign ...  
Form 673 (Withholding Exemption):    • How to Complete IRS Form 673 for a U.S. Ex...  
Form 8938 (Foreign Assets):    • How to Complete IRS Form 8938 For Specifie...  
FBAR FinCEN Form 114:    • How to Fill Out FBAR (Foreign Bank Account...  
Taxes on Foreign Income:    • Do I Pay U.S. Taxes on Foreign Income?  

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