Have a Tax Question? Ask a Tax Expert
Hello and thank you for using Just Answer.You will simply prepare the returns starting with the 2006 tax year. As long as the IRS has not requested the information first you can use the 2555 form to exclude the income. You are not required to include your sons' SS payments on your tax returns. Here is a link to the irs.gov page that has the prior year forms you will needhttp://www.irs.gov/formspubs/article/0,,id=98339,00.htmlThey will all need to be mailed since e-file is not allowed for past year returns and the 2010 dead line is past too. You can claim your son's as dependents as long as you meet all the requirements (lived with you, their age fits)
That sounds good. Do I lose the 80,000 USD deduction because I am a late filer?
Not really, generally if you file before the IRS comes after you, the Foreign Earned Income Exclusion can be used. If the IRS comes after you first they will not allow the exclusion on a late return.
Okay I will have to get busy. Where can I get that exclusion form.
On the same link I sent you, it is form 2555
Got it thanks.
You can always come back even after you click ACCEPT. Thank you