Aug 5, 2020 Part II: KEY ISSUES AND OPPORTUNITIES WHEN RETURNING TO ISRAEL
Returning to live in Israel after many years abroad very often includes planning for assets that have been accumulated or acquired while you were in the U.S. Three of the...
Blog Posts
August 5, 2020
Returning to live in Israel after many years abroad very often includes planning for assets that have been accumulated or acquired while you were in the U.S. Three of the…
July 27, 2020
One of the many trends we are seeing in the COVID-19 crisis is an increase in Israeli citizens who were working abroad returning home to Israel. This return is partly…
July 22, 2020
On July 20th, 2020, the IRS issued the much anticipated final GILTI high tax exclusion regulations. In short, any foreign corporation that pays foreign tax at a rate of 90%…
June 21, 2020
For U.S. citizens living abroad, one of the most overlooked tools they can use to reduce their tax exposure is gifting. Two U.S. citizens living in Israel gifting back and…
June 18, 2020
Racism is a difficult topic to write about. Sometime last year my wife Judy and I went to see the movie The Green Book. Although the film tells a compelling…
June 7, 2020
When I was a kid in the mid-1960s, Whitey, Jimmy, and Joe were about 60 years old. I recall them, their faces, names, and stories, as semi-regulars, older men employed…
May 19, 2020
COVID-19 has brought about many changes to our economic environment, causing consumers, businesses, and governments at every level to reassess prevalent economic truths. In times like this, it is imperative…
May 17, 2020
If you’re thinking of selling your home in Israel, the tips in the video below will help you better understand the U.S. tax implications.
April 7, 2020
(or It’s Beginning To Look A Lot Like Pesach) Ever since I can remember, I have loved music, whether it was my grandfather introducing me to Scheherazade by Rimsky-Korsakov,…
March 29, 2020
This past Friday, President Trump signed the much-anticipated stimulus bill, the CARES Act, into law. Here is a summary of the key provisions that impact individual taxpayers: Stimulus Payments:…
March 25, 2020
I am writing this blog a mere two weeks after Purim, when I sat with most of my family around our dining table feasting on sushi and pizza (you need…
March 4, 2020
“Don’t you just take the information I give you and plug it into some software?” This is one of my least favorite questions I am asked because it is everything…
March 1, 2020
The title above is a slogan from an iconic American brand that seems to have faded away, the Greyhound Lines bus company. Back in the day, most college students I…
February 26, 2020
Please enjoy this contributed blog by our colleagues at: A consistent concern that comes up in discussions with clients is that they get so nervous when transferring funds, mostly because…
January 28, 2020
I don’t think there has been a death that has captured the world’s attention since the tragic car accident of Princess Diana at the age of 36 that comes close…
January 7, 2020
The most common issues that make dual-status citizens living in Israel owe U.S. tax Our clients are always in a rush to file their U.S. taxes and get a…
December 26, 2019
As we approach the close of 2019, I am reminded of the classic scene of a very old man that represents the current year being followed by a baby that…
December 24, 2019
On December 20, 2019, President Trump signed the Consolidated Appropriations Act, 2020 into law. While this is essentially a government-spending bill for the year 2020, among the 700+ pages of…
December 18, 2019
It’s hard to believe that 2020 is right around the corner. Watch the video below to learn about Philip’s important end-of-year tax tips.
November 20, 2019
It’s been less than 2 years since the Trump Tax Reform was approved by Congress and overhauled the U.S. tax system. As we come to the end of the first…
October 30, 2019
Until recently if someone asked me, “Have you ever known someone named Marwan?” I would have answered in the affirmative. But as of last month, I would have to answer…
September 24, 2019
In Judaism, there are several important fast days throughout the year. Normally, a question like the above might come up around Yom Kippur, the holiest day of the year, and…
July 28, 2019
That was the length of the men’s final tennis match at Wimbledon between Roger Federer and Novak Djokovic this year. There are certain sporting events that I look forward to…
June 30, 2019
The other night I attended a lovely wedding on the beach in Netanya. After the Huppah the guests were led along a candle lit path to a sumptuous buffet and…
June 26, 2019
Many non-U.S. citizens enjoy investing in the U.S capital and real estate markets. They see the U.S. economy as a target for opportunity and significant gain. However, careful planning is…
June 20, 2019
Updates from the new final and proposed regulations and what they mean for individual taxpayers: On June 14th the IRS released much anticipated final regulations on the general rules of…
April 29, 2019
The danger of the new Global Intangible Low Taxed Income (GILTI) rules has been greatly reduced with the new proposed regulations recently released. These regulations allow individuals filing under Sec….
April 4, 2019
In the famous Disney classic, The Lion King, a powerful message is delivered about tradition being passed from generation to generation. The father, Mufasa, transmits to his son Simba, the…
April 3, 2019
Following Apple’s recent March announcements conference, the biggest buzz was about their Apple Card. You will have to decide independently if you want to give Apple even more power over…
March 7, 2019
THE NEW YORK TIMES: It was reported recently that George Mendonsa, the sailor who was in the iconic photo kissing a nurse, Greta Zimmer Friedman, in Times Square on…
March 6, 2019
The IRS has just published proposed regulations on internal revenue code Sec. 250 and how it relates to Global Intangible Low Taxed Income (GILTI). For those unaware, the new GILTI…
February 13, 2019
…. Jolting Joe has left and gone away. The words above come from one of the most well-known songs of modern times. These lyrics came to mind during a 2…
January 30, 2019
Contributed by our trusted colleagues at: Introduction Affluent individuals with citizenship and assets in multiple countries often have complex planning needs and must frequently consider the jurisdiction where their assets…
January 8, 2019
Israeli law limiting cash use for purchases or payment of wages has gone into effect in January 2019 and violators could face up to 3 years in jail. Under the…
December 31, 2018
In my previous blog I discussed potential income tax issues such as Federal tax, state tax and PFIC tax that arise upon becoming a U.S. resident. In this blog I…
December 19, 2018
As we approach the end of 2018, I am reminded of the often quoted phrase “Out with the old and in with the new”. This seems to suggest that whatever…
December 16, 2018
In my previous blog post I discussed the issue of residency that must be addressed upon relocation from Israel to the U.S. Depending on the number of days someone spends…
December 12, 2018
As the year-end approaches, we’d like to take this opportunity to remind you about a number of important tax issues that may be relevant to you: PFIC alert– Please carefully…
November 26, 2018
As Israel continues to grow as a country, its knowledge in both the Hi-Tech and Medical fields have made its workers some of the most sought after in the world….
November 12, 2018
Earlier this year the U.S. Supreme Court handed down its anticipated decision in South Dakota v. Wayfair. The case challenged South Dakota’s application of its sales tax to internet retailers who…
November 4, 2018
As the new GILTI laws become part of our business lives, the IRS issued some guidance in September. In light of this new guidance and with the end of the…
October 25, 2018
Determining one’s tax residency is probably the most important issue for people moving to and from Israel. This recent Israeli Supreme Court case, as interpreted below by our colleague attorney…
October 16, 2018
Up until recently when I heard the term “channeling” I was most certain that the term referred to building the Suez or Panama Canal or tunneling out of a prisoner…
August 1, 2018
In my previous blog post, I explored the three classic ways for non-US taxpayers to structure their investments in U.S. real estate, and the main advantages and disadvantages of each….
July 25, 2018
Investing in U.S. real estate has become a very attractive investment alternative for Israelis seeking higher returns than those obtained by traditional bank deposits. There are no exact figures on…
July 9, 2018
American citizens might be denied new passports if they fail to settle their debts to the U.S. Internal Revenue Service (IRS). An IRS official has told the Wall Street Journal…
July 1, 2018
The U.S. Supreme Court has issued the long-awaited ruling in South Dakota vs. Wayfair , which eliminates the physical presence requirement for sales tax. Up until now, based on the Supreme…
June 19, 2018
Last month, famed American musician Don McLean performed in Israel. While I didn’t attend his concert, I read that he concluded his show with one of the most famous songs…
May 31, 2018
‘By failing to prepare, you are preparing to fail.’ ― Benjamin Franklin The Trump Reform (Tax Cuts & Jobs Act) made a number of changes for U.S. citizens living overseas and how…
May 30, 2018
When I was young my friends and I used to watch a television program called The Time Tunnel. Recently my wife has become a fan of a new show called…
April 29, 2018
Great interest in cryptocurrencies has alerted the US Internal Revenue Service (IRS) which has decided to crack down on Bitcoin and other virtual currencies. Bitcoin broker Coinbase has already started…
April 15, 2018
The newly approved US tax reform includes many changes that impact each American taxpayer regardless of where he or she lives. One such change is that those who itemize deductions…
March 26, 2018
Since 1986, U.S. citizens living in Israel have been penalized in the form of higher U.S. taxes if they choose to invest some of their savings in Israeli or non-U.S….
March 25, 2018
The IRS recently published a news release in Q&A format on the Section 965 Repatriation Tax which was introduced as part of the new federal tax reform. In short, this…
March 22, 2018
On March 13th the IRS announced the end of the Offshore Voluntary Disclosure Program (OVDP), which enabled U.S. residents living abroad to avoid criminal penalties and securely fixed terms when…
March 21, 2018
I have been thinking a lot about survival lately, ever since I attended the conclusion of my youngest daughter’s “Survival Week” in the Ramon Crater as part of her pre-army…
February 22, 2018
Bitcoin and other cryptocurrencies have been talked about over the past couple of years, however, with a recent explosion in value, people are becoming more curious. We have some clients…
February 19, 2018
One of the changes included in the Trump tax reform, that will affect many U.S. taxpayers living abroad, including in Israel, is the amendment of Section 965, otherwise known as…
February 8, 2018
Whether you are an entrepreneur looking to open an American company, investor in US real estate, or the owner of a virtual store on Amazon, forming a Limited Liability Company…
February 4, 2018
At the end of 2017, online retailers accounted for more than nine percent of all retail sales in the US. Black Friday and Cyber Monday alone generated above $12 billion…
February 4, 2018
Israel’s medical device scene is flourishing these days. A report published last year by the IATI organization indicates that in 2016 alone, local medical device companies raised a total of…
January 31, 2018
Over the past three years, the number of US citizens living abroad who have expatriated has increased substantially. Statistics provided by the Treasury Department indicate that in 2016 alone a…
January 22, 2018
An average family with five kids may be entitled to receive an additional $2,000 a year, or even more. The new US tax-reform legislation includes some changes which promise to…
January 15, 2018
It has recently been reported that the United States has disclosed to the Israel Income Tax Authority the names of 40,000 Israelis who hold bank accounts in the US. This…
December 13, 2017
Judging by the headlines of Hebrew newspapers the day following the US Senate’s approval of the Trump administration’s tax reform, one could assume that Israeli entrepreneurs would now leave the…
December 6, 2017
The end of the year is a perfect time to assess our financial activities and start planning our next moves. It is also the right time to examine tax strategies…
November 15, 2017
Very often when I meet tourists or new immigrants to Israel, one of their first comments goes something like this: “Today, I walked in the exact footsteps of Avraham Avinu…
October 15, 2017
It seems to me that two expressions came into popular western culture during the 80’s, “No pain, No gain” probably thanks to Jane Fonda and her exercise video tapes and…
September 18, 2017
In partnership with Nefesh B’Nefesh, we present the following workshop : As the saying goes, “all good things come to an end”, and so for the first group of people…
February 26, 2017
Most of my generation spent our childhoods in the back seat of an automobile, being driven around by parents, grandparents and older siblings. At some point, as you become a preteen, you get the right to sit up front and begin to see up close the mechanics of driving.
November 3, 2016
Despite all the hype this spring, I, a die-hard South Sider and Chicago White Sox fan, had no interest in the Cubs back on opening day. In fact, I could…
June 30, 2016
Whether or not you were aware of Brexit before the UK referendum, it seems to have become one of the most popular topics of conversation these past few days. Today…
June 9, 2016
In these days of social media and paparazzi, celebrity sightings are few and far between, even though the public has an insatiable thirst to catch a glimpse of a famous…
May 5, 2016
One thing in common between a bet and a debt is that someone has to pay up and the other side gets paid. Generally, bets are paid after the results…
April 3, 2016
Shopping is not my favorite activity, but when I do shop, it is generally during one of my business trips to the U.S. I have established my own spectrum of…
December 2, 2015
I have taken cab rides all over Israel and in as exotic places as Cairo, Egypt, LiJiang, China and Tijuana, Mexico. I had not thought of my Mexican cab ride in…
September 9, 2015
I just got off the phone with my 89 year old father-in-law as he was rushing off to work (yes, he’s still working daily as a psychologist). He wanted to let me know about an article…
June 10, 2015
What is the connection between Houston and Kathmandu , you may ask ? I spent a few days this week visiting my sister, a long time resident of Houston, and…
March 29, 2015
One year ago today, my late father fell and broke his hip. That fall ultimately led to his demise 3 months later at the age of 90 1/2. My father was…
February 4, 2015
When I was a young boy growing up in Chicago, going to the East Side meant you ended up in Lake Michigan. In fact, until I was in my teens, I had never…
September 21, 2014
When I was a kid, my late grandmother used to watch a soap opera called “The Days of Our Lives”. The show would open with some dramatic music and a narrator…
January 15, 2013
Two main events marked the end of December: 1) Congress and The Obama Administration were battling over the future of the “Bush Tax Cuts” and 2) I was following the…
October 11, 2012
Many of you may have missed the passing of Hal David a few weeks ago, at the age of 91. Mr. David wrote some of the most famous songs that…
Aug 5, 2020 EPISODE 104: RISEUP AND TAKE CHARGE OF YOUR EXPENSES
Learn to stay out of the red and reduce the stress of managing your expenses by tapping into the power of riseup, the financial assistance service that's only a Whatsapp...
Jul 27, 2020 Welcome Home! Key Issues and Opportunities when Returning to Israel
One of the many trends we are seeing in the COVID-19 crisis is an increase in Israeli citizens who were working abroad returning home to Israel. This return is partly...
Jul 22, 2020 GILTI update: Some Relief for Citizens Abroad
On July 20th, 2020, the IRS issued the much anticipated final GILTI high tax exclusion regulations. In short, any foreign corporation that pays foreign tax at a rate of 90% or...
Jul 22, 2020 Episode 103: Immigration In the Time of Corona
Visas, Greencards and relocation procedures in the Coronavirus era got you confused? We were too until speaking with Cindy Azoulay of Kantor & Acco, a global corporate immigration law firm...
Jul 7, 2020 Episode 102: on the Wellness track
Wellness. It's on everyone's mind these past few challenging months. Welltech1 invests in and accelerates wellness startups with the ultimate goal of increasing viability, seeking additional investment, and connecting to global...
Jun 24, 2020 Episode 101: Healthcare without the Waiting Rooms
COVID-19 has made us look at the health industry differently and brought telemedicine to the next level with K health, which stands at the forefront of this digital revolution. The K...
Jun 21, 2020 U.S. Tax Benefits of Gifting
For U.S. citizens living abroad, one of the most overlooked tools they can use to reduce their tax exposure is gifting. Two U.S. citizens living in Israel gifting back and...
Jun 18, 2020 Racism Then and Now
Racism is a difficult topic to write about. Sometime last year my wife Judy and I went to see the movie The Green Book. Although the film tells a compelling...
Jun 11, 2020 Episode 100: Your All-Access, Behind the Scenes Pass to Netflix’s The Last Dance
Five years ago, we started on a new journey by starting our podcast. Today not only are we happy to broadcast our 100th episode but we're thrilled to interview Jon...
Jun 7, 2020 Whitey, Jimmy, & Joe
When I was a kid in the mid-1960s, Whitey, Jimmy, and Joe were about 60 years old. I recall them, their faces, names, and stories, as semi-regulars, older men employed...
May 19, 2020 Episode 99: Smarter Giving
Tune in this week's episode as we talk to VP of Philanthropic Services and CMO at JCFNY, Ellen Smith Israelson, about charitable giving. We discuss next-generation philanthropy and programs to help...
May 19, 2020 COVID-19: Does Your Transfer Pricing Reflect Reality?
COVID-19 has brought about many changes to our economic environment, causing consumers, businesses, and governments at every level to reassess prevalent economic truths. In times like this, it is imperative...
May 17, 2020 Selling your home in Israel?
If you're thinking of selling your home in Israel, the tips in the video below will help you better understand the U.S. tax implications. [embed]https://youtu.be/3B71Cz6mOnc[/embed] ...
Apr 7, 2020 With A Song in My Heart
(or It's Beginning To Look A Lot Like Pesach) Ever since I can remember, I have loved music, whether it was my grandfather introducing me to Scheherazade by Rimsky-Korsakov, my father...
Mar 29, 2020 U.S. Coronavirus Stimulus Bill – Relief for Americans In Israel
This past Friday, President Trump signed the much-anticipated stimulus bill, the CARES Act, into law. Here is a summary of the key provisions that impact individual taxpayers: Stimulus Payments: The government will...
Mar 25, 2020 Mandatory Curfew Then and Now
I am writing this blog a mere two weeks after Purim, when I sat with most of my family around our dining table feasting on sushi and pizza (you need...
Mar 4, 2020 Five Most Common Ways to Reduce Your U.S. Taxes
“Don’t you just take the information I give you and plug it into some software?” This is one of my least favorite questions I am asked because it is everything that...
Mar 1, 2020 Leave The Driving To Us
The title above is a slogan from an iconic American brand that seems to have faded away, the Greyhound Lines bus company. Back in the day, most college students I...
Feb 26, 2020 Money Transfers: What’s Bothering The Bank and General FAQs
Please enjoy this contributed blog by our colleagues at: A consistent concern that comes up in discussions with clients is that they get so nervous when transferring funds, mostly because they...
Jan 28, 2020 The Untimely Death of Kobe Bryant
I don’t think there has been a death that has captured the world’s attention since the tragic car accident of Princess Diana at the age of 36 that comes close...
Jan 7, 2020 The Top U.S. Tax Mistakes to Avoid For Dual Citizens in Israel
The most common issues that make dual-status citizens living in Israel owe U.S. tax Our clients are always in a rush to file their U.S. taxes and get a refund for...
Jan 1, 2020 Episode 98: Waste Not, Want Not
Waste is ubiquitous; landfills all over the world are overflowing. UBQ Materials’ revolutionary and patented technology takes household waste and turns it back into reusable material. Tune in to Philip’s fascinating interview...
Dec 26, 2019 Out With The Old, In With The New
As we approach the close of 2019, I am reminded of the classic scene of a very old man that represents the current year being followed by a baby that...
Dec 24, 2019 The New U.S. Government Spending Bill: 10 Tax Changes for 2020
On December 20, 2019, President Trump signed the Consolidated Appropriations Act, 2020 into law. While this is essentially a government-spending bill for the year 2020, among the 700+ pages of...
Dec 18, 2019 Philip’s Tax Harvesting Tips
It's hard to believe that 2020 is right around the corner. Watch the video below to learn about Philip's important end-of-year tax tips. [embed]https://youtu.be/03EIuDuTY8g[/embed]...
Nov 25, 2019 Episode 97: Fly Me To The Moon
Tune into this week's episode as we talk to SpaceIL's co-founder, Kfir Damari. We loved how even though SpaceIL's Beresheeet mission to the moon had a hard landing, it achieved...
Nov 20, 2019 The Trump Tax Reform–A Year In Review
It’s been less than 2 years since the Trump Tax Reform was approved by Congress and overhauled the U.S. tax system. As we come to the end of the first...
Oct 30, 2019 The Marwans In My Life
Until recently if someone asked me, “Have you ever known someone named Marwan?” I would have answered in the affirmative. But as of last month, I would have to answer...
Oct 3, 2019 Episode 96: It’s NOT Too Late
Join us for this week's episode as we take a deep dive into a a hot topic with Maya Jacobs, CEO of Zalul- Israel's leading environmental NGO dedicated to protecting...
Sep 24, 2019 Are You Fasting?
In Judaism, there are several important fast days throughout the year. Normally, a question like the above might come up around Yom Kippur, the holiest day of the year, and...
Sep 15, 2019 Episode 95: Employment Law-What You Need To Know In Israel
In episode 95, Shira Lahat, partner at Yigal Arnon & Co law firm, shares critical updates on social media norms, confidentiality and how to avoid being sued. This episode is...
Sep 1, 2019 Episode 94: Lights, camera, tricks!
We loved our time with Itai Tsiddon, Co-Founder and Head of Business Development at Lightricks. We learned about their latest round of valuing at $1 billion--the rare and coveted unicorn status....
Aug 20, 2019 Episode 93: Smart Health
In this week's episode we learn about award winning start up Healthymize. We loved our time with co-founder and CTO Daniel Aronovich discussing their breakthrough technology in developing personalized, (AI) based,...
Jul 28, 2019 Four Hours and Fifty-Seven Minutes
That was the length of the men’s final tennis match at Wimbledon between Roger Federer and Novak Djokovic this year. There are certain sporting events that I look forward to...
Jul 9, 2019 “Oh, the Places You’ll Go” -Dr. Seuss
Tune into this week's episode as we talk to our friend Mark Feldman, CEO & Founder of Ziontours. Mark tells us all about the hottest destinations for 2019, the evolution of travel...
Jun 30, 2019 Waiting In Line
The other night I attended a lovely wedding on the beach in Netanya. After the Huppah the guests were led along a candle lit path to a sumptuous buffet and...
Jun 26, 2019 Investing in the U.S.
Many non-U.S. citizens enjoy investing in the U.S capital and real estate markets. They see the U.S. economy as a target for opportunity and significant gain. However, careful planning is needed to ensure...
Jun 20, 2019 Keeping your finger on the GILTI Pulse
Updates from the new final and proposed regulations and what they mean for individual taxpayers: On June 14th the IRS released much anticipated final regulations on the general rules of GILTI....
May 27, 2019 The ‘Watson’ of Investments?
Tune is as Philip speaks with Yali Harari, Co-Founder and CEO at Innovesta, a unique digital platform for early stage equity investments, allowing investors and entrepreneurs to incorporate effective real-time crowd-diligence...
Apr 29, 2019 3 Times GILTI May Still Apply To You
The danger of the new Global Intangible Low Taxed Income (GILTI) rules has been greatly reduced with the new proposed regulations recently released. These regulations allow individuals filing under Sec....
Apr 15, 2019 Episode 90–Turning the Tables
There is a saying that 'Life begins at 40'. For podcast episode number 90, to mark Philip Stein & Associates' 40th anniversary, we are turning the tables. In this episode, Philip...
Apr 4, 2019 The Circle of Life (In Reverse)
In the famous Disney classic, The Lion King, a powerful message is delivered about tradition being passed from generation to generation. The father, Mufasa, transmits to his son Simba, the...
Apr 3, 2019 Will The IRS Take A Bite Of The New Apple Card?
Following Apple’s recent March announcements conference, the biggest buzz was about their Apple Card. You will have to decide independently if you want to give Apple even more power over...
Mar 7, 2019 Times Square, The Avalon Theater and Patagonia
THE NEW YORK TIMES: [caption id="attachment_7976" align="alignnone" width="268"] National Archives Catalog 520697[/caption] It was reported recently that George Mendonsa, the sailor who was in the iconic photo kissing a nurse, Greta Zimmer...
Mar 6, 2019 Exciting Update Regarding GILTI Tax
The IRS has just published proposed regulations on internal revenue code Sec. 250 and how it relates to Global Intangible Low Taxed Income (GILTI). For those unaware, the new GILTI...
Feb 13, 2019 Where have you gone, Joe DiMaggio…?
…. Jolting Joe has left and gone away. The words above come from one of the most well-known songs of modern times. These lyrics came to mind during a 2 hour...
Jan 30, 2019 Advantages of the U.S. Life Insurance Market for International Clients
Contributed by our trusted colleagues at: Introduction Affluent individuals with citizenship and assets in multiple countries often have complex planning needs and must frequently consider the jurisdiction where their assets are held....
Jan 13, 2019 Feminism and Business: 2019
Tune in to this week's conversation as we talk to Hana Rado, Vice Chairwoman of McCANN Tel Aviv, an accomplished social business entrepreneur and liberal feminist. Hana shares with us her life's...
Jan 8, 2019 Israeli Law Restricting Cash Use Goes Into Effect
Israeli law limiting cash use for purchases or payment of wages has gone into effect in January 2019 and violators could face up to 3 years in jail. Under the law,...
Dec 31, 2018 Key Issues For Relocation-Part 3
In my previous blog I discussed potential income tax issues such as Federal tax, state tax and PFIC tax that arise upon becoming a U.S. resident. In this blog I would...
Dec 19, 2018 Out With The Old…
As we approach the end of 2018, I am reminded of the often quoted phrase “Out with the old and in with the new”. This seems to suggest that whatever...
Dec 16, 2018 Key Issues For Relocation-Part 2
In my previous blog post I discussed the issue of residency that must be addressed upon relocation from Israel to the U.S. Depending on the number of days someone spends...
Dec 12, 2018 Important Year-End Reminders
As the year-end approaches, we’d like to take this opportunity to remind you about a number of important tax issues that may be relevant to you: PFIC alert- Please carefully...
Dec 10, 2018 Investing In The Future Of Mobility
Tune into this week's podcast while Philip speaks with Michael Granoff, founder and managing director of Maniv Mobility and past board member of Better Place. As he’s also been involved...
Nov 26, 2018 Key Issues For Relocation-Part 1
As Israel continues to grow as a country, its knowledge in both the Hi-Tech and Medical fields have made its workers some of the most sought after in the world....
Nov 25, 2018 Social Cure For Cancer
Join us for this week's episode while we talk to Eliran Malki, CEO of Belong, the world’s largest social network for cancer patients, caregivers and healthcare professionals. Eliran shares his insights on...
Nov 12, 2018 Sales Tax May Be The Biggest Tax Issue You’ll Face In 2019
Earlier this year the U.S. Supreme Court handed down its anticipated decision in South Dakota v. Wayfair. The case challenged South Dakota’s application of its sales tax to internet retailers who...
Nov 4, 2018 Proposed Regulations On GILTI Are Released
As the new GILTI laws become part of our business lives, the IRS issued some guidance in September. In light of this new guidance and with the end of the...
Oct 31, 2018 Mary Jane On The Brain?
This week's happy episode discusses innovation at its best! Chatting with Elad Barak, director of Biz Dev at Canada's Province Brands got us excited about the direction of the cannabis market....
Oct 25, 2018 Once a Resident, Always a Resident…
Determining one’s tax residency is probably the most important issue for people moving to and from Israel. This recent Israeli Supreme Court case, as interpreted below by our colleague attorney...
Oct 16, 2018 Channeling
Up until recently when I heard the term “channeling” I was most certain that the term referred to building the Suez or Panama Canal or tunneling out of a prisoner...
Sep 2, 2018 From Emerging Artists To The Greats…Art Anyone?
You're invited to join the conversation on the art fund industry! On this week's episode we talk to Serge Tiroche, Founder of Art Vantage Global, about his personal journey that spans...
Aug 1, 2018 New Opportunities for Investment Structures in US Real Estate (Part 2)
In my previous blog post, I explored the three classic ways for non-US taxpayers to structure their investments in U.S. real estate, and the main advantages and disadvantages of each. These...
Jul 25, 2018 New Opportunities for Investment Structures in US Real Estate (Part 1)
Investing in U.S. real estate has become a very attractive investment alternative for Israelis seeking higher returns than those obtained by traditional bank deposits. There are no exact figures on the...
Jul 24, 2018 All About Asia
Tune into this week's episode while we interview Amotz Asa-El, Jerusalem Post's senior commentator and editor of the Jerusalem Report. Asa-El covers Israel's pivot to Asia and dives into Israel's economic connections with China,...
Jul 9, 2018 Your U.S. Passport Might Be In Danger If You Fail To Settle Your Tax Debts
American citizens might be denied new passports if they fail to settle their debts to the U.S. Internal Revenue Service (IRS). An IRS official has told the Wall Street Journal that...
Jul 1, 2018 South Dakota vs. Wayfair: Supreme Court Overrules Quill
The U.S. Supreme Court has issued the long-awaited ruling in South Dakota vs. Wayfair , which eliminates the physical presence requirement for sales tax. Up until now, based on the Supreme Court...
Jun 19, 2018 The Day the Music Died
Last month, famed American musician Don McLean performed in Israel. While I didn’t attend his concert, I read that he concluded his show with one of the most famous songs...
May 31, 2018 GILTI Until Proven Innocent
‘By failing to prepare, you are preparing to fail.’ ― Benjamin Franklin The Trump Reform (Tax Cuts & Jobs Act) made a number of changes for U.S. citizens living overseas and how they...
May 30, 2018 Reflections
When I was young my friends and I used to watch a television program called The Time Tunnel. Recently my wife has become a fan of a new show called Timeless. Both...
Apr 29, 2018 How to Reduce Taxes on Bitcoin and Other Cryptocurrencies
Great interest in cryptocurrencies has alerted the US Internal Revenue Service (IRS) which has decided to crack down on Bitcoin and other virtual currencies. Bitcoin broker Coinbase has already started sharing...
Apr 15, 2018 The State and Local Tax Deduction, Explained
The newly approved US tax reform includes many changes that impact each American taxpayer regardless of where he or she lives. One such change is that those who itemize deductions (eligible...
Mar 26, 2018 Teudot Sal – The End of an Era is Delayed
Since 1986, U.S. citizens living in Israel have been penalized in the form of higher U.S. taxes if they choose to invest some of their savings in Israeli or non-U.S....
Mar 25, 2018 The Repatriation Tax, Some Guidance at Last…..
The IRS recently published a news release in Q&A format on the Section 965 Repatriation Tax which was introduced as part of the new federal tax reform. In short, this is...
Mar 22, 2018 The Offshore Voluntary Disclosure Program: March 2009 – September 2018-RIP
On March 13th the IRS announced the end of the Offshore Voluntary Disclosure Program (OVDP), which enabled U.S. residents living abroad to avoid criminal penalties and securely fixed terms when...
Mar 21, 2018 Surviving the 10 Plagues of the Trump Tax Reform
I have been thinking a lot about survival lately, ever since I attended the conclusion of my youngest daughter’s “Survival Week” in the Ramon Crater as part of her pre-army...
Mar 4, 2018 Stocks Anyone?
Join us while we talk to Robert Weiss, an attorney specializing in international transactions, about the main mistakes you should avoid when hiring your investment advisor, choosing stock investments for...
Feb 22, 2018 Paying Tax On Bitcoin and Other Cryptocurrencies In The US and Israel
Bitcoin and other cryptocurrencies have been talked about over the past couple of years, however, with a recent explosion in value, people are becoming more curious. We have some clients who...
Feb 19, 2018 How Will The New Repatriation Tax Affect You?
One of the changes included in the Trump tax reform, that will affect many U.S. taxpayers living abroad, including in Israel, is the amendment of Section 965, otherwise known as...
Feb 8, 2018 Disregarded No Longer – The Resurgence Of The LLC
Whether you are an entrepreneur looking to open an American company, investor in US real estate, or the owner of a virtual store on Amazon, forming a Limited Liability Company...
Feb 4, 2018 What has changed in sales tax collection
At the end of 2017, online retailers accounted for more than nine percent of all retail sales in the US. Black Friday and Cyber Monday alone generated above $12 billion...
Feb 4, 2018 The Medical Device Excise Tax: Suspended Animation
Israel’s medical device scene is flourishing these days. A report published last year by the IATI organization indicates that in 2016 alone, local medical device companies raised a total of...
Feb 4, 2018 Have your cake…
Tune in to this week's episode as we talk to Immigration lawyer - Michael Davis from his home in Minnesota. Michael answers our questions regarding US visa waivers, work visas...
Jan 31, 2018 The Pros And Cons Of Giving Up Your American citizenship
Over the past three years, the number of US citizens living abroad who have expatriated has increased substantially. Statistics provided by the Treasury Department indicate that in 2016 alone a record...
Jan 22, 2018 American families stand to benefit from increased child tax refunds in wake of US tax reform
An average family with five kids may be entitled to receive an additional $2,000 a year, or even more. The new US tax-reform legislation includes some changes which promise to be...
Jan 15, 2018 Your Bank Account Information is Shared by the IRS with Israel’s Income Tax Authority
It has recently been reported that the United States has disclosed to the Israel Income Tax Authority the names of 40,000 Israelis who hold bank accounts in the US. This...
Dec 13, 2017 Israeli Start-Ups Are Not Going Anywhere Yet, Despite US Tax Reform
Judging by the headlines of Hebrew newspapers the day following the US Senate’s approval of the Trump administration's tax reform, one could assume that Israeli entrepreneurs would now leave the...
Dec 6, 2017 2017 End Of Year Tax Planning
The end of the year is a perfect time to assess our financial activities and start planning our next moves. It is also the right time to examine tax strategies...
Nov 15, 2017 Walking (or Sitting) in the Footsteps of My Forefathers
Very often when I meet tourists or new immigrants to Israel, one of their first comments goes something like this: “Today, I walked in the exact footsteps of Avraham Avinu...
Oct 15, 2017 Quality Over Quantity?
It seems to me that two expressions came into popular western culture during the 80’s, “No pain, No gain” probably thanks to Jane Fonda and her exercise video tapes and...
Sep 27, 2017 Tech Trends 2018 with Hanan Brand
Tune in to our latest episode as we discuss the venture capital world with Hanan Brand, partner at Cornerstone Venture Partners, an early stage NY based VC fund. Hanan shares...
Sep 18, 2017 Financial workshop – The 10 year tax exemption on foreign income
In partnership with Nefesh B'Nefesh, we present the following workshop : As the saying goes, “all good things come to an end”, and so for the first group of people who...
Sep 7, 2017 High Tech Around the Globe
Paul Berwin, a tech and commercial lawyer based in Leeds, travels to Israel from time to time and we were lucky enough to have him take a few minutes and...
Aug 1, 2017 All about VR
Eran Orr needed physical therapy, but he found out the hard way that it wasn’t easy to do. It’s always a big part of rehabilitation, but no one wants to...
Apr 10, 2017 Trump Presidency Predictions with Michael Oren
Join us on this week’s compelling conversation with MK and Deputy Minister for Diplomacy in the Prime Minister’s Office, Michael Oren as we discuss Kerry’s recent speech, Obama and the...
Feb 26, 2017 Moving From The Back Seat To The Front Seat
Most of my generation spent our childhoods in the back seat of an automobile, being driven around by parents, grandparents and older siblings. At some point, as you become a...
Jan 18, 2017 How to Avoid Common Mistakes with your Social Security Benefits
Join us on this week’s brand new episode as we talk with Attorney Avram Sacks about the best way for you to apply for your benefits; how and when to...
Jan 1, 2017 Trump and Investing 2017
As we enter 2017, we took some time to speak to Yigal Marcus from Alliance Bernstein about Trump’s election, Brexit, interest rates and the recent movement of refugees to Europe, getting...
Nov 3, 2016 Confessions of a White Sox Fan
Despite all the hype this spring, I, a die-hard South Sider and Chicago White Sox fan, had no interest in the Cubs back on opening day. In fact, I could...
- 1
- 2
