Objectives

At the end of this lesson, using your resource materials, you will be able to determine:

• Other types of income and how to report them
• How to properly report income earned from worldwide sources
• Who is eligible for the foreign earned income exclusion
• How to calculate the excludible amount using Form 2555, Foreign Earned Income, or Form 2555-EZ, Foreign Earned Income Exclusion

Estimated time to complete: 1 hour