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2555 Ez Form: What You Should Know
S., your foreign earned income won't be included as income for purposes of U.S. taxes Taxpayers who are residents of a high non-taxpayer rate jurisdiction (other than France) can't claim the foreign earned income exclusion, the same as if their primary home were in the U.S. However, foreign earned income in amounts and in kind equal to the exclusion cannot be characterized to satisfy the income test for foreign earned income exclusion. If the taxpayer was the foreign parent, the child's income must be shown to the same extent that the parent's income is shown for the foreign home source. There is no additional exclusion or deduction related to the foreign earned income exclusion. You may exclude from income and deduction the foreign earned income of a nonresident alien individual who is a resident of a high non-taxpayer rate jurisdiction when (1) he or she was admitted to the U.S. for a temporary period or (2) he or she is present in the U.S. solely by reason of his or her employment. When a nonresident who is a resident of a high non-taxpayer rate jurisdiction (other than France) is present in the U.S. solely by reason of his or her employment, the nonresident is treated the same as a nonresident alien whose principal residence is in the U.S. 9) The foreign earned income exclusion does not allow you to claim other income you've earned If you received any other forms of income from abroad (other than foreign earned income exclusion amounts) 10) You can claim all the foreign earned income exclusion amounts if all the qualifying child items are included If, for your child, there are items that are included in the foreign earned income exclusion and are not also included in the foreign housing exclusion (“qualifying child items”), you may claim a total of the qualifying child items. If the qualifying child items are not included in the exclusion, you cannot claim a total of the qualifying child items; instead, you can have the amount of the qualifying child items you can claim reduced by the amount of the foreign housing exclusion (unless you are a resident alien). For an example, if you lived in a non-U.S.
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