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Form 2555-EZ for North Charleston South Carolina: What You Should Know
Just to clarify, your 2023 FEE income does qualify the 107,600 exclusion because you paid taxes on it (see the 2023 FEE income as taxable income on Line 35 of your W-2). You can choose to exclude all foreign income in the form of the FEE or one-half of that amount (less the 107,600) (see the 2023 FEE income as taxable income on Line 35 of your W-2). If you're going to exclude the FEE at all, it's better to have the 2023 FEE income as taxable income because this could be very helpful to you during certain planning phases. You can see my 2023 FEE income here: Reply Delete Andrew Mitchel, if you don't do anything with this article until I post a new one about how to use the foreign income exclusion on Form 2555, you'll have trouble finding it for quite a while. But it's on there with me, so feel free to use it as your base. Thanks! Reply Delete Donnie, the foreign earned amount was not part of your income. You can not take income (the earnings on your foreign income) because the tax code does not allow you to do this. If you were a U.S. resident at the time, then you are not a U.S. resident for these purposes. Delete I have already posted how to do the foreign earned income exclusion (see article #766) in the 2023 edition of “Tax Guide for U.S. Citizens and Residents” .... Reply Delete I think it's time! This was a major piece of advice I was waiting for. I am an American living in Switzerland and have many expat friends. My question to you is this...if my friends are Americans (and I have no reason to suspect they are) why shouldn't they qualify for this income exclusion? I can't find official information from my university regarding this.
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