By Nathan Savransky, CPA (US) As briefly discussed in last week’s article, one of the consequences of Trump’s tax reform is the imposition of additional taxes on profits of certain foreign corporations owned by U.S. persons. In this article, I … Continue reading →
By Nathan Savransky, CPA (US) With the signing of the “Tax Cuts and Jobs Act” on December 22, 2017, many tax rules affecting expats have been modified. This article lists the main law changes, their potential impact on Americans abroad … Continue reading →
By Nathan Savransky, CPA U.S. taxpayers living in Israel face issues that are unique in their tax implications. Israeli companies provide their employees with a variety of deferred compensation arrangements, including keren hishtalmut (education funds), keren pensia (pension funds), and bituach menahalim (manager’s insurance). These financial … Continue reading →
By Nathan Savransky, CPA (US) As a result of the increasingly complex FATCA rules, many Americans abroad are considering the option of renouncing their U.S. citizenship in order to avoid being subject to US taxation on their worldwide income. This … Continue reading →
By Nathan Savransky, CPA (US) Congress has recently enacted a new law allowing the State Department to revoke or deny U.S. passports to delinquent taxpayers. American citizens, including expats living abroad, who owe over $50,000 in unpaid taxes (including penalties … Continue reading →
