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US Tax Law

US Citizens in Israel and the FBAR

This article addresses US citizens in Israel and the FBAR procedure. Did you know that if your Israeli bank account has a balance of $10,000 at any point during the tax year, you are required to file a FBAR?  If you fail to file an FBAR, you can face thousands of dollars in fines. You…

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Israeli American Citizens Must File US Tax Returns

Did you know that Israeli American citizens must file US tax returns annually?  This also applies to US permanent residents living in Israel. For the past few years the US Internal Revenue Service (IRS) has started to track down US citizens in Israel who have failed to file US income tax returns. What You Need to…

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