Articles

The Tax Cuts and Jobs Act (the “Act”) includes several major changes to many areas of the Internal Revenue Code (the Code) impacting taxpayers who are engaged in the real estate business and who otherwise own real estate.

These changes are summarized below. Because most of the changes are effective … Read More..

With the recent passing of the tax reform bill, called the Tax Cuts and Jobs Act, you’re probably wondering how your taxes will be affected. The following article is the analysis by our experts at Weinstein & Co.

Three highlights you need to know: 

Virtually all taxpayers are impacted by … Read More..

The SEC’s recent adoption of “regulation crowdfunding” rules has opened the door for small investors to participate in a new type of investing market.1 Regulation crowdfunding allows eligible companies to raise money under the crowdfunding exemption from the SEC registration rules under the Securities Act of 1933, beginning May 16, … Read More..

The OECD has published a discussion draft of proposed new rules requiring disclosure of CRS avoidance techniques. (The draft document, which was published only two days ago, is available here. Among other things, the rules would:

Target advisors and fiduciaries (“Intermediaries”) with “material involvement in the design, marketing or implementation of … Read More..

On Friday, December 15,  the US Congress House and Senate committee on taxes presented to the members the US Congress a report resolving the differences between the versions of the Tax Cuts and Jobs Act that passed each chamber. Votes are expected in the House and Senate during the week … Read More..

In November 2017, the United States Congress’ House of Representatives House Ways and Means Committee released its version of a tax reform Bill entitled the Tax Cuts and Jobs Act of 2017 (H.R. 1) (the “Bill”).  The Bill seeks to reform the Internal Revenue Code, reducing the top corporate tax … Read More..

Plan lowers corporate rate to 20% and reduces individual rates
The Senate of the United States Congress passed revisions to the U.S. tax code.  The bill, which must be adjusted to the House of Representatives of the United States Congress version of tax reform, would lower the corporate rate to 20% … Read More..

On July 13, 2017, the U.S. Tax Court released Grecian Magnesite Mining, Industrial & Shipping Co., S.A. v. Commissioner, 149 T.C. No. 3 (July 13, 2017) (available here), in which it declined to follow the IRS’s position in Revenue Ruling 91-32, 1991-1 C.B. 107 (the “Ruling”).  In the Ruling, the … Read More..

Several international tax treaties of which Israel is a member incorporate the term “permanent establishment”. The term bears practical significance in matters concerning immigrant and returning resident tax. What is a “permanent establishment”? By which criteria will an establishment be defined as such? What should immigrants be aware of? What … Read More..

The chance that a marriage entered in the United States this year will end in divorce is about 50%. In 2013, 40% of marriages included at least one spouse who had been previously married. As a result, a tremendous number of blended families exist in the United States today (a … Read More..

If you and your family are thinking of joining the globalization trend and moving to the United States, have you asked yourself these questions:

What are some of the tax considerations for non-US families making US investments?
What are the potential issues for US families making investments in foreign countries?
… Read More..

The new legislation on money changers and financial service providers is expected to be enacted in the coming weeks. The law intends to institutionalize the activities of financial service providers in Israel and to specify their area of operation. The new law creates much confusion and lack of clarity since … Read More..

As the world becomes increasingly globalized and cross-border activities become the norm, tax administrations of different countries need to work together to ensure that taxpayers pay the right amount of tax to the right jurisdiction.  To assist with this effort, the Convention on Mutual Assistance in Tax Matters (“the Convention”) … Read More..

Foreign investors can minimize the tax hit on property purchases but good advice and a lot of paperwork is needed.

If you live in Tel Aviv and want to buy a home in Miami for your daughter while she goes to University, you have a lot more to think about than … Read More..

Establishing a foreign corporation to buy and own U.S. real estate remains a legitimate basic planning tool that international buyers might wish to consider.
Taking title in offshore companies provides several benefits. First, it allows a foreign buyer to avoid the federal estate tax and the necessity of a domestic probate … Read More..