Mar 2, 2023 Maximize Your Tax Benefits: Why Filing an Extension is a Smart Move
There is a common misconception that filing an extension for your tax return is a bad thing or an audit risk...
Author: Melanie Chesir, CPA
Jun 24, 2021 2021 Enhanced Child Tax Credit for U.S. Residents
As you have likely already heard, the American Rescue Plan has enhanced the Child Tax Credit for the 2021 tax year....
Mar 15, 2021 Third Stimulus is On The Way for 2021
[vc_row][vc_column][vc_column_text] On Thursday, March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. Below, we will discuss some of the tax-related provisions. First, we’ll review the...
Dec 28, 2020 Stimulus Payments- Round 2
[vc_row][vc_column][vc_column_text] As we enter our third lockdown and the Israeli government announces a fourth round of elections in 2 years, some good news—Americans will be receiving a second round of stimulus...
Aug 20, 2020 Maximizing the Tax Benefits of your Charity
[vc_row][vc_column][vc_column_text] There are several misconceptions regarding the tax benefits of charitable giving, some of them specifically pertaining to US citizens living in Israel. We hope that the below Q&A, along with...
Jul 22, 2020 GILTI update: Some Relief for Citizens Abroad
[vc_row][vc_column][vc_column_text] 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...
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...
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...
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...
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...