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U.S. Taxation (Individuals) - Services for Individuals

Talk to our experts:

Ron Zalben

CPA (Israel/US), Partner, US Tax Department

Larry Stern

CPA (US), Partner, US Tax Department

Rivky Barr

CPA (Israel/US), Partner, US Tax Department

Matis Weiner

Senior CPA (US) US Tax Department

Itzik Krymolowski

Corporation and Partnership Taxation Manager, US Bookkeeping Department

Services for Individuals

US citizens and Green Card holders residing in Israel are legally required to file tax returns with the US tax authorities every year. Exposure to both tax systems—Israeli and American—can lead to unnecessary expenses, double taxation, and subsequent aggravation. Our firm’s US Tax Department assists hundreds of clients navigating both Israeli and US tax systems, ensuring their tax obligations are managed optimally.

department services

Representation before the IRS and filing federal and state returns (Form 1040), in accordance with the latest updates to the law and the tax treaty between Israel and the US.
FBAR and FATCA compliance: Filing includes adherence to US law requirements (Foreign Account Tax Compliance Act). FBAR (Report of Foreign Bank and Financial Accounts) applies to foreign accounts with an aggregate balance over $10,000. FATCA (Foreign Account Tax Compliance Act) requires reporting of foreign financial assets above a varying threshold, depending on the country of residency.
Social Security (Self-Employment Tax): Many individuals relocating to Israel or the US are still subject to double Social Security tax payments, especially self-employed individuals and those receiving payments via Form 1099.
Child Tax Credit: Completing and filing the parent's annual tax return and claiming the maximum tax refund from the IRS for each US citizen child under 17. This application is part of the annual tax return, which all US citizens are legally required to file, regardless of their country of residence.
Second Generation Taxation: Many US citizens are unaware that their children with US citizenship are also required to file tax returns with the US, even if they were born in Israel and do not intend to live in the US. Our firm assists in these cases, streamlining the filing process to the legal minimum.