Who must file — Form 2555 (FEIE Expat Exclusion)?

U.S. citizens and resident aliens living and working abroad who satisfy either the Bona Fide Residence test or the 330-day Physical Presence test.

Penalty — Form 2555 (FEIE Expat Exclusion)?

Loss of exclusion if not timely elected, resulting in full US tax liability on offshore wages.

Filed with Form 1040 by June 15 (standard expat automatic extension) or October 15.

Expat Tax Optimization

Foreign Earned Income

Penalty: Loss of exclusion if not timely elected, resulting in full US tax liability on offshore wages.
Deadline: Filed with Form 1040 by June 15 (standard expat automatic extension) or October 15.
Who must file: U.S. citizens and resident aliens living and working abroad who satisfy either the Bona Fide Residence test or the 330-day Physical Presence test.
Statute of limitations: 3 years standard statute from filing date.
Key parts & schedules: Part II (Bona Fide Residence) · Part III (Physical Presence 330-day travel log) · Part VI (Foreign Housing Exclusion/Deduction)

Counting days in international waters or transit towards the 330-day requirement
Attempting to exclude passive income (dividends, rental income, capital gains)
Revoking the election inadvertently and being barred from re-electing for 5 years

Precision calculation comparing FEIE (Form 2555) vs Foreign Tax Credit (Form 1116)
Maximizing Qualified Foreign Housing allowances in high-cost cities (London, Zurich, Tokyo, Singapore)
Multi-year travel calendar verification

Next step

Describe your situation in three lines. We map the filings before any work starts.