1) Let $F$ be a field and $$F((X))=\left\{\sum_{n=m}^\infty a_nX^n\mid m\in \mathbb Z, \ \ a_n\in F {\rm \ for \ all \ } n \geq m \right\}.$$
I have shown that $F((X))$ is a ring but how can I show that all elements are invertible ?
2) How can I show that $\mathbb Q((X))$ is the fraction field of $\mathbb Z[[X]]$ ? I tried to show that if $R$ is an integral domain and $K$ its fraction field then $K((X))$ is the fraction field of $R[[X]]$ but I didn't succeeded.
For (1), we can use explicit formula: if the degree of the leading term of $f$ is less than the degree of the leading term of $g$, then we have geometric series that converges in the field of Laurent series:
$$ \frac{1}{f - g} = \frac{1/f}{1 - g/f} = \frac{1}{f} + \frac{g}{f^2} + \frac{g^2}{f^3} + \ldots $$
For example, to invert $s$, we can take $f$ to be its leading term and $g = f-s$. The resulting formula only requires inverting scalars.
I believe (2) to be false, but can't work out the details at this moment. Instead, I believe the fraction field to be the subfield of elements of the form $a X^n f(bX)$, where $a,b \in \mathbb{Q}$, $n \in \mathbb{Z}$, and $f \in \mathbb{Z}[[x]]$.
That is, I conjecture that the fraction field is the subfield of rational Laurent series for which the coefficients' denominators don't grow too fast. (and the above conjecture a specific meaning of 'too fast')