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When To File IRA deduction. If you claim the for at least 330 full days during any
exclusion, special rules apply in figuring period of 12 months in a row. A full day
Form 1040 is generally due April 15,
the amount of your IRA deduction. For means the 24-hour period that starts at
2002.
details, see Pub. 590, Individual midnight.
However, you are automatically Retirement Arrangements (IRAs).
granted a 2-month extension of time to To figure the minimum of 330 full days’
file (to June 17, 2002) if, on the due date presence, add all separate periods you
of your return, you live outside the United were present in a foreign country during
States and Puerto Rico, and your tax Specific Instructions the 12-month period in which those days
occurred. The 330 full days may be
home (defined later) is outside the United
States and Puerto Rico. If you take this interrupted by periods when you are
extension, you must attach a statement to Lines 1a and 1b traveling over international waters or are
your return explaining that you meet otherwise not in a foreign country. See
these two conditions. Bona Fide Residence Test Pub. 54 for more information and
To meet this test, you must be one of the examples.
The automatic 2-month extension also
applies to paying the tax. However, following: Note: A nonresident alien who, with a
interest is charged on the unpaid tax from • A U.S. citizen who is a bona fide U.S. citizen or U.S. resident alien spouse,
the regular due date until it is paid. resident of a foreign country, or countries, chooses to be taxed as a resident of the
for an uninterrupted period that includes United States may qualify under this test
Special extension of time. The first year an entire tax year (January 1 – December if the time requirements are met. See
you plan to take the foreign earned 31) or Pub. 54 for details on how to make this
income exclusion, you may not expect to • A U.S. resident alien who is a citizen or choice.
qualify until after the automatic 2-month national of a country with which the
extension period described above. If this United States has an income tax treaty in
occurs, you may apply for an extension to effect and who is a bona fide resident of a
Line 3
a date after you expect to qualify. foreign country, or countries, for an Tax Home Test
To apply for this extension, complete uninterrupted period that includes an
and file Form 2350, Application for entire tax year (January 1 – December To meet this test, your tax home must be
Extension of Time To File U.S. Income 31). See Pub. 901, U.S. Tax Treaties, for in a foreign country, or countries,
Tax Return, with the Internal Revenue a list of countries with which the United throughout your period of bona fide
Service Center, Philadelphia, PA 19255, States has an income tax treaty in effect. residence or physical presence,
before the due date of your return. No specific rule determines if you are a whichever applies. For this purpose, your
Interest is charged on the tax not paid by bona fide resident of a foreign country period of physical presence is the 330 full
the regular due date as explained earlier. because the determination involves your days during which you were present in a
intention about the length and nature of foreign country, not the 12 consecutive
months during which those days
Choosing the Exclusion your stay. Evidence of your intention may
occurred.
To choose the foreign earned income be your words and acts. If these conflict,
exclusion, complete the appropriate parts your acts carry more weight than your Your tax home is your regular or
of Form 2555-EZ and file it with your words. Generally, if you go to a foreign principal place of business, employment,
Form 1040 or Form 1040X, Amended country for a definite, temporary purpose or post of duty, regardless of where you
U.S. Individual Income Tax Return. Your and return to the United States after you maintain your family residence. If you do
initial choice to claim the exclusion must accomplish it, you are not a bona fide not have a regular or principal place of
usually be made on a timely filed return resident of the foreign country. If business because of the nature of your
(including extensions) or on a return accomplishing the purpose requires an trade or business, your tax home is your
amending a timely filed return. However, extended, indefinite stay, and you make regular place of abode (the place where
there are exceptions. See Pub. 54 for your home in the foreign country, you you regularly live).
more information. may be a bona fide resident. See Pub. 54 You are not considered to have a tax
for more information and examples. home in a foreign country for any period
Once you choose to claim the
exclusion, that choice remains in effect for If you submitted a statement to the during which your abode is in the United
that year and all future years unless it is authorities of a foreign country in which States. However, if you are temporarily
revoked. To revoke your choice, you must you earned income that you are not a present in the United States, or you
attach a statement to your return for the resident of that country, and the maintain a dwelling in the United States
first year you do not wish to claim the authorities hold that you are not subject to (whether or not that dwelling is used by
exclusion. If you revoke your choice, you their income tax laws as a resident, you your spouse and dependents), it does not
may not claim the exclusion for your next are not considered a bona fide resident of necessarily mean that your abode is in
5 tax years without the approval of the that country. the United States during that time.
Internal Revenue Service. See Pub. 54 If you submitted such a statement and Example. You are employed on an
for details. the authorities have not made an adverse offshore oil rig in the territorial waters of a
Earned income credit. You cannot take determination of your nonresident status, foreign country and work a 28-day on/
the earned income credit if you claim the you are not considered a bona fide 28-day off schedule. You return to your
exclusion. resident of that country. family residence in the United States
Line 1b. If you answered “Yes” on line during your off periods. You are
Foreign tax credit or deduction. You
1a, enter the dates your bona fide considered to have an abode in the
may not claim a credit or deduction for
residence began and ended. If you are United States and do not meet the tax
foreign income taxes paid on income you
still a bona fide resident, enter home test. You may not claim the foreign
exclude. If all your foreign earned income
“Continues” in the space for the date your earned income exclusion.
is excluded, you may not claim a credit or
deduction for the foreign taxes paid on bona fide residence ended.
that income. If only part of your income is Line 12
excluded, you may not claim a credit or Lines 2a and 2b Complete columns (a) through (d) if you
deduction for the foreign taxes allocable were present in the United States or any
to the excluded income. For details on Physical Presence Test of its possessions in 2001. Do not include
how to figure the amount allocable to the To meet this test, you must be a U.S. time spent in the United States or its
excluded income, see Pub. 514, Foreign citizen or resident alien who is physically possessions before your period of bona
Tax Credit for Individuals. present in a foreign country, or countries, fide residence or physical presence,
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Page 3 of 3 Instructions for Form 2555-EZ 9:40 - 1-OCT-2001
The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
whichever applies, began or after it under Income earned in prior year Note: If you claimed any deduction,
ended. apply. See Pub. 54 for more details. credit, or exclusion on your 2000 return
Column (d). Enter, in U.S. dollars, the Foreign earned income. For purposes that is definitely related to the 2000
amount of income earned in the United of this form, foreign earned income foreign earned income you are excluding
States on business (such as meetings or means only the following types of income under this rule, you may have to amend
conventions). Attach a statement showing received for personal services you your 2000 income tax return to adjust the
how you determined the amount. Do not performed in a foreign country during the amount claimed. To do this, file Form
include this income on line 17. Even if you period for which you meet the tax home 1040X.
live and work in a foreign country, any test and either the bona fide residence
income earned during the time spent in test or the physical presence test. Paperwork Reduction Act Notice. We
the United States on business is • Wages, salaries, tips, and bonuses. ask for the information on this form to
considered U.S. source income and may • Noncash income (such as a home or carry out the Internal Revenue laws of the
not be excluded. car) if reported as income on Form 1040, United States. You are required to give us
line 7. the information. We need it to ensure that
Line 14 • Allowances or reimbursements if you are complying with these laws and to
Enter the number of days in your reported as income on Form 1040, line 7. allow us to figure and collect the right
qualifying period that fall within 2001. Foreign earned income does not amount of tax.
Your qualifying period is the period during include —
which you meet the tax home test and • Amounts from line 12, column (d), You are not required to provide the
either the bona fide residence test or the • Amounts paid to you by the U.S. information requested on a form that is
Government or any of its agencies if you subject to the Paperwork Reduction Act
physical presence test. unless the form displays a valid OMB
were an employee of the U.S.
Example. You establish a tax home and control number. Books or records relating
Government or any of its agencies,
bona fide residence in a foreign country
on August 14, 2001. You maintain the tax • Amounts that are actually a distribution to a form or its instructions must be
of corporate earnings or profits rather retained as long as their contents may
home and residence until January 31, become material in the administration of
than a reasonable allowance as
2003. The number of days in your any Internal Revenue law. Generally, tax
compensation for your personal services,
qualifying period that fall within 2001 is returns and return information are
or
140 (August 14 through December 31,
2001). • Amounts received after the end of the confidential, as required by Internal
tax year following the tax year in which Revenue Code section 6103.
you performed the services. The time needed to complete and file
Line 17 this form will vary depending on individual
Income earned in prior year. Foreign
Enter the total foreign earned income you earned income received in 2001 for circumstances. The estimated average
earned and received in 2001. Report the services you performed in 2000 may be time is:
amount in U.S. dollars using the excluded from your 2001 gross income if,
exchange rates in effect when you and to the extent, the income would have Recordkeeping . . . . . . . . . . . 26 min.
actually received the income. Be sure to been excludable if you had received it in Learning about the law or the
report on Form 1040 all income you 2000. form . . . . . . . . . . . . . . . . . . . 17 min.
received in 2001 regardless of when you Preparing the form . . . . . . . . 42 min.
earned it. If you are excluding income under this
rule, do not include this income on line Copying, assembling, and
Income is earned in the year you 17. Instead, attach a statement to Form sending the form to the IRS 31 min.
performed the services for which you 2555-EZ showing how you figured the
received the pay. But if you received your exclusion. Enter the amount that would If you have comments concerning the
last wage or salary payment for 2000 in have been excludable in 2000 on Form accuracy of these time estimates or
2001 because of your employer’s payroll 2555-EZ to the left of line 18. Next to the suggestions for making this form simpler,
period, that income may be treated as amount enter “Exclusion of Income we would be happy to hear from you. See
earned in 2001. If you cannot treat that Earned in 2000.” Include it in the total the Instructions for Form 1040.
wage or salary payment as earned in reported on line 18.
2001, the rules explained on this page
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