What is Form 4972: Tax on Lump-Sum Distributions

Paul Bryant22 Mar, 2023Business

IRS form 4972 is a document that individuals can use to claim the foreign earned income exclusion and the foreign housing exclusion. The form must be filed by April 15 of the year following the year in which qualifying income was earned. If you are filing your taxes using e-file, this form will be included as part of your return. You may also need to contact your accountant or tax preparer to have this form prepared for you.