Tax Information Related to ''Foreign Income'' Foreign Earned Income Exclusion And US or IRS Tax Returns Find Out If You Qualify for the Foreign Earned Income Exclusion if You Worked or Lived Overseas. Prepare and File Form 2555 With Your Tax Return On eFile.com in 2020. Foreign Tax Credit - Deduct Foreign Taxes Paid, Earned Implemented to reduce double taxation, the foreign tax credit is for citizens earning income outside of the United States. Learn about foreign taxes paid. How to Report Foreign Bank Accounts on Form 114 for 2019 in 2020. Are You a U.S. Citizen or Resident with a Foreign Bank or Financial Account? Learn How to Report Your Account or FBAR Through Form 114 and Form 8938. Report Foreign Bank, Financial Accounts for Tax Year 2019. How to Report Income Earned for Tax Year 2019 From Foreign Banks or Financial Account Using Form 114. Do Not File This Form with your 1040 Tax Return. 1) TurboTax® is a registered trademark of Intuit, Inc.