The past year has brought a wave of fantastic court cases for American expatriates in Israel as pivotal U.S. court decisions reduced taxes and penalties while protecting many from the...
5 things you must do before year end to reduce your 2023 taxes and make your filing easier next year. As 2023 steadily approaches its conclusion, hi-tech employees in Israel, particularly...
For U.S. citizens residing in Israel, one of the biggest concerns is receiving a dreaded IRS notice. It isn’t a fun experience; unfortunately, with the complexity of international forms and...
In a transformative move, the IRS has officially sanctioned the long-term use of electronic signatures on a multitude of forms, marking a significant shift towards digital convenience. This groundbreaking development...
The IRS, in a rare occurrence, came out over the weekend with a special notice targeting those affected in Israel by the recent events and the ongoing war. These taxpayers...
Recent developments in the United States legal sphere might have significant implications for U.S. taxpayers abroad, particularly those residing in Israel. In May 2023, a unanimous decision was made in...
As a U.S. expat residing in Israel, staying informed about potential U.S. tax changes is crucial. The American legislative landscape currently sees the possible introduction of three tax bills that...
In recent years, the plight of American expatriates burdened by the complications of U.S. tax law has become an increasingly frustrating topic. Among the primary concerns for U.S. citizens living...
In a recent U.S. Tax Court decision, Alon Farhy v. Commissioner of the Internal Revenue Service, the court ruled that the IRS lacks statutory authority to assess penalties under Section...
As we approach the Passover holiday, celebrating the liberation of the Jewish people from slavery in Egypt, it's a good time to think about liberation from hefty financial penalties. Thankfully,...
Learn about the recent IRS tax code changes and their impact on US citizens living in Israel....
House Republicans have taken a bold step towards fulfilling their campaign promise of cutting back on President Biden's economic agenda by passing a bill that seeks to reduce funding for...
“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...
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...
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....
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....
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...
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...
‘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...
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...
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...
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...
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...
