Monday, July 22 | 3:20 p.m. - 5:00 p.m. | Concurrent Session
A Deep Dive into Form 2555
2 CPE for AFSP, EA, CFP®, CPA, CRTP
​
This session will focus on the foreign earned income exclusion and foreign housing allowance. First, we will address who is eligible for the exclusion under either the physical presence test or the bona fide residence test. Then, we will demonstrate the correct completion of Form 2555, Foreign Earned Income, impacts of tax treaties and totalization agreements.
Objectives
Upon completion of this session, you will be able to:
-
Understand the qualifications for claiming the foreign earned income exclusion and foreign housing allowance, including the concept of tax home, the 330-day rule and the bona fide residence test
-
Successfully complete Form 2555
-
Understand the effects of tax treaties and totalization agreements between the United States and other countries
​
CPE information
Duration: 100 minutes
Course level: Intermediate
Prerequisite: Basic understanding of individual income tax concepts
Advanced preparation: None
Delivery method: Group Live
