Category: 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..

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What Must You Know?

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..

When an Israeli who has American reporting responsibilities owns a pension or an advanced study fund, those accounts have tax implications to America. They can be taxed. Clients with American social security numbers have to put those on their American reports but may not have to pay any tax if … 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..

American Owners of Israeli Companies Have Specific Requirements that they should Keep. Here they are:
An American who owns a share of an Israeli company has reporting requirements depending very much on how much he owns of it and whether the company is managed by him or if it is an … Read More..

America responded to the plague we all have been seeing with thousands and thousands of tax-free stimulus dollars given to help American citizens here in Israel and abroad. These economic stimulus payments, where every American – either here or abroad – is eligible to receive 1200 dollars or more in … Read More..

Open Businesses and Bank Accounts in AmericaSometimes our Israeli clients wish to purchase real estate in America and open a bank account under their own name, while not opening an American corporation. If the client wants to manage the real estate under their own name in America … Read More..