Category: Articles

The IRS requires those who report to the American taxing agency to have a social security number or an ITIN (individual tax identification number). This includes people who work in America or run a businesses in America, and also spouses of American citizens, and their children if they add any tax benefits … Read More..

Some companies need American audit. We here at Weinstein are certified and compliant with American financial audit requirements and employ licensed American CPA with accounting professionals that can perform your financial audit. Whether you operate a not-for-profit and need financial audit for your American information reporting return for companies exempt … Read More..

Americans and American tax reporters are not all born as American citizens. Some are naturalized American citizens, people who became American citizens during their lifetimes.Naturalized American citizens also have to file American tax returns the same as American born citizens. Then, we have “lawful permanent residents” who … Read More..

Israelis Who Raise Money in America and Own Ltd.’s in Israel: Trump Law in Common TermsIntroduction
Sometimes Israelis set up American companies to raise money to finance their Israeli Ltd.’s here in Eretz Yisrael to operate and perform globally. If those Israeli Ltd.’s are owned by the American … Read More..

Not-for-profit Financial Statements and Financial Audit: “Friends of . . .” OrganizationsNot-for-profit organizations may be registered in America and operate here in Eretz Yisrael. Sometimes these are referred to as “Friends of . . .” organizations. Not-for-profits registered in America traditionally include Shuls, Yeshivas, Jewish outreach organizations, … 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..