Form 2555 is a tax form used by U.S. citizens and resident aliens to report foreign earned income and to claim the Foreign Earned Income Exclusion. This form is essential for individuals who live and work abroad, allowing them to exclude a portion of their foreign income from U.S. taxation, thus avoiding double taxation. By utilizing this form, taxpayers can effectively manage their tax obligations while taking advantage of provisions designed to support Americans working outside the United States.
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