overseas
Feb 17, 2011, 10:51 AM
I've read the Instructions for Form 2555 and meet the eligibility for Foreign Income Exclusion, but still have some questions.
I will also say that I called the IRS at international rates and stayed on the phone 45 minutes and the woman I eventually talked to had absolutely no clue about this form.
Here's my questions, thanks in advance if you can help.
- another section says that my Standard Deduction is also affected, but I cannot find a good reference for that. Can anyone direct me to that? Also how is my IRA deduction affected? I'm not covered by a retirement plan at work.
- the Form 2555 has areas to break out one's wages, housing allowance, cost-of-living allowance, etc, but my employer lumps this all together on my W-2, even though my pay statements clearly break this out (salary, housing allowance, COLA), so should I put all my income in the first box or break it out for the IRS on the Form 2555?
Thank you again.
I will also say that I called the IRS at international rates and stayed on the phone 45 minutes and the woman I eventually talked to had absolutely no clue about this form.
Here's my questions, thanks in advance if you can help.
- another section says that my Standard Deduction is also affected, but I cannot find a good reference for that. Can anyone direct me to that? Also how is my IRA deduction affected? I'm not covered by a retirement plan at work.
- the Form 2555 has areas to break out one's wages, housing allowance, cost-of-living allowance, etc, but my employer lumps this all together on my W-2, even though my pay statements clearly break this out (salary, housing allowance, COLA), so should I put all my income in the first box or break it out for the IRS on the Form 2555?
Thank you again.