₪₪₪ Am I okay filing my foreign income tax exclusion late under these conditions?
Your initial choice of the exclusion on Form 2555 or Form 2555-EZ generally must be made with one of the following returns.
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A timely-filed return (including any extensions),
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A return amending a timely-filed return, or
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A return filed within 1 year from the original due date of the return (determined without regard to any extensions).
You can choose the exclusion on a return filed after the periods described above if you owe no federal income tax after taking into account the exclusion.
If you owe federal income tax after taking into account the exclusion, you can choose the exclusion on a return filed after the periods described above if you file before IRS discovers that you failed to choose the exclusion. You must type or legibly print at the top of the first page of the Form 1040 “Filed pursuant to section 1.911-7(a)(2)(i)(D).”
**Does that third statement mean that I can file my taxes with the Foreign Earned Income Tax Exclusion late?
Category: IRS Problems
