What problem does it solve?
This Skill automates the drafting of Form 2555 for the Foreign Earned Income Exclusion (FEIE) and the Foreign Housing Exclusion or Deduction, including pro-rating for partial-year qualifications, housing considerations, and coordination with Form 1116 when foreign taxes are involved.
Core Features & Use Cases
- FEIE drafting and housing exclusion/deduction calculations for self-employed and employee scenarios
- Pro-rating FEIE caps based on qualifying days and 12-month windows (PPT/BFR)
- Qualification tests: Bona Fide Residence and Physical Presence with guidance on when each applies
- Coordination with Form 1116 for foreign tax credits when applicable
- Audit-grade deliverables: line-by-line mapping, validation checks, and references to current IRS guidance
Quick Start
Ask for tax-year inputs (FEIE year, residence, travel days, and housing) and generate a complete Form 2555 draft with line-by-line calculations and references.