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 (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 →
The U.S. government has agreed to Israel’s request to postpone the deadline for FATCA compliance to September 30, 2016. Israeli financial institutions will need to begin reporting U.S. accounts by that date. Israel has yet to develop legislation on how … Continue reading →