form-2555

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.