Articles

Americans Who Live in Israel May Deduct Charitable Contributions They Make to Israeli Charities on their American Reports
 

We already know that Americans receive a new tax deduction for charitable contributions that they made in 2020 up to the 300 dollar amount. This is a new law for 2020 that works … Read More..

Powerful new tax deduction for American not-for-profits serving Israel:
A reliable, quick tax deduction for good-intentioned Americans in Israel and abroad:

American not-for-profits serving Israel can act quickly to bring in a plethora of many small donations that can add up to hundreds of thousands of dollars if they run a “Hanukah … Read More..

Benefits

Far so many credits are available to children of Israelis who report to America, that it pays to report the client’s children to America with the father or mother or both parents’ American income tax report. For example, sometimes the father is an American citizen, and the mother is an … Read More..

Salient points for Israelis buying real estate in America:

Some clients may want to buy real estate in America. Here are some main points:

A person who enters America doing business such as real estate is required to put in an American report, which is either a Form 1040 if he is … Read More..

Social Security Pensions: Which clients can receive them? How much can we receive? At what age?
Many Yisraeli’im ask, “Can I receive an American pension from social security while I live here in Israel?” Here is some very useful assistance :
How does the client know if he is eligible to receive … Read More..

Responsibilities of clients for American reporting obligationsClients who live here in Eretz Yisrael and have American reporting responsibilities include American citizens, permanent residents who have an American resident visa or green card, and people who live in America for at least 183 days in a given year … Read More..

IntroductionThe American tax law states that American citizens and American residents who leave inheritances require an estate tax return to be filed if the amount they leave reaches over a certain threshold when they bequeath to an heir. (The exact amount of this threshold changes year to … Read More..

Today’s world is defined as a “global village,” which requires our firm to adapt to today’s global economic reality. Accordingly, our offices provide consulting services to companies and individuals, for the purpose of building payroll systems for employers from Israel who have employees travelling abroad and employees arriving to Israel. … Read More..

Some Common Mistakes Israelis Make With International ResponsibilitiesFirst of all, Israelis who are American citizens or residents must report all their income to America, even if they don’t live there. Some Israelis forget this and do not file an American tax return while they live and work … Read More..

In America, not for profit organizations usually have tax & financial reporting responsibilities. Sometimes a Yisraeli nonprofit will open an American company to give American donors the chance to take tax deductions for their contributions to the Yisraeli entity. The 501 (c) (3) application is something Weinstein & Company can … Read More..

New American Transition Tax for Israeli Corporate Owners –Surprisingly Offset by a Tax Benefit, Both a Deduction and a Credit !General Information
New American tax law is not that confusing! Our Israeli clients who are corporate owners, and also happen to be American citizens (or travel to the … Read More..

EASY APPLICATION AND RENEWAL OF ITIN NUMBERS FOR AMERICAN TAX FILERSAmerican tax returns are required for many of our Israeli clients, such as those who hold businesses in the US. When an Israeli citizen or an Israeli resident is required to file an American income tax return, … Read More..

Section 965 Transition TaxThe IRS finalized regulations on Wednesday on the Sec. 965 transition tax, the “Transition Tax”, which was added to the Code by the law known as the Tax Cuts and Jobs Act. Sec. 965 applies to the last tax year of a deferred foreign … Read More..

The IRS announced on announced on January 14 that it is prepared to start processing 2018 tax returns on Jan. 28 and that it will pay tax refunds despite the partial shutdown of the federal government. The agency has been operating under a plan that has seen 88% of the … Read More..

 The Israeli Companies Law (ICL) Defines a company as a corporation formed and registered in israel