Form 2555-EZ Foreign Earned Income Exclusion 2007

Summary: This is an example of Form 2555-EZ (2006) with items included as described in the text. Additionally, the following line items are completed:

  • Name shown on Form 1040 field contains Judith E. Adams
  • Your social security number field contains 222-00-2222
  • Under Part I: Tests To See If You Can Take the Foreign Earned Income Exclusion:
  • 1. Bona Fide Residence Test
  • a. Were you a bona fide resident of a foreign country or countries for a period that includes an entire tax year (see page 2 of the instructions) ? No checkbox checked
  • 2. Physical Presence Test
  • a. Were you physically present in a foreign country or countries for at least 330 full days during 2006 or any other period of 12 months in a row starting or ending in 2006? Yes checkbox checked
  • b. The physical presence test is based on the 12-month period from field contains 1-1-06 through 12-31-06
  • 3. Tax Home Test. Was your tax home in a foreign country or countries throughout your period of bona fide residence or physical presence, whichever applies? Yes checkbox checked
  • Under Part II: General Information:
  • 4. Your foreign address (including country) field contains
  • 21 Rue Reynaud
  • Country Y
  • 5. Your occupation field contains Secretary
  • 6. Employer's name field contains A B Insurance Company, Incorporated
  • 7. Employer's United States address (including ZIP code) field contains
  • 2645 Pewter Place
  • Anytown, Anystate, United States of America
  • 8. Employer's foreign address field contains
  • 40 Rue Royale
  • Country Y
  • 9. Employer is (check any that apply): a. A United States business checkbox checked
  • 10a. If you filed Form 2555 or 2555-EZ after 1981, enter the last year you filed the form. field contains 2005
  • 10c. Have you ever revoked the foreign earned income exclusion? No checkbox checked
  • 11a. List your tax home(s) during 2006 and date(s) established. field contains Country Y 6-1-98
  • 11b. Of what country are you a citizen/national? field contains United States
  • Under Part IV: Figure Your Foreign Earned Income Exclusion:
  • 14. Enter the number of days in your qualifying period that fall within 2004 field contains 366 days
  • 15. Did you enter 365 on line 14? Yes checkbox checked Enter 1.000 field contains 1.000
  • 16. Multiply line 13 by line 15 field contains 80,000
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