For many of us, October 7 has changed the way we manage our daily lives and this also affects our businesses. The economy has slowed down due to the war and the planning horizon for many freelancers has narrowed down … Continue reading →

By Nathan Savransky, CPA With the start of the new tax season in Israel, many Israelis who are self-employed or plan to become self-employed should consider the advantages of setting up an Israeli corporation as opposed to remaining an atzmai … Continue reading →

By Nathan Savransky, CPA After the many e-mails and phone calls my office received in response to this prior article, I would like to share with the public at large my experience computing  Trump’s repatriation tax and estimating the GILTI … Continue reading →

TABLE OF CONTENTS Preface Filing Income Tax Returns & Information Returns Taxation of Non-Resident Aliens Penalty under the Affordable Care Act (a.k.a. ObamaCare) Election to include your Foreign Spouse in your Return Foreign Earned Income Exclusion and Foreign Tax Credit … Continue reading →

By Nathan Savransky, CPA One of the main difficulties faced by American olim trying to become self-employed in Israel is the double social security/bituach leumi tax. In addition to income taxes, self-employed Americans working in Israel face US social security … Continue reading →

By Nathan Savransky, CPA With the implementation of FATCA in Israel, I have been approached by many American olim who have not filed US tax returns since they made Aliyah and want to know what they should do to meet … Continue reading →

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) 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 →