Everything on Transfer Tax Brackets in the United States
When you are considering investing in profit-yielding real – estate in the United States, it is important to consider the tax requirements resulting from the investment, owed to the IRS in the United States. The United States collects taxes on profits generated within its borders, much like every modern country in the world. Sufficed to […]
7 Differences between the Israeli and the American tax authorities
According to American tax laws, Israeli citizens who are residing in Israel but are also green card holders or have an American passport, are required to file tax reports to the American tax authorities. Even though Israel and the United States have signed a mutual treaty whose purpose is to prevent double taxation, there might […]
Federal taxation
The United States is a singularly attractive location for real estate investors from around the world. In the past few years, Israeli investors are also showing growing interest in opportunities to purchase profit yielding real estate in the United States. But not everybody takes into account the subject of taxes in the United States, that […]
Statute of limitations of tax refunds in the United States
The tax laws in the United States are enforced by the IRS, while all citizens of the United States from age 17 and up are required to report on their income, whether they reside in the United States or not. The requirement of reporting on income is enforced on foreign citizens who conduct business practices […]
When are tax returns submitted to the IRS?
Submitting tax returns to the IRS is a legal requirement that is mandatory for every American citizen who has had income during the tax year, and every foreign resident or investor in the United States who conduct business activities within the United States, or own a partnership or company that generate income for them. In […]
Taxation on apartment rent in the United States
The requirement of paying taxes on rent in the United States is a rather complicated topic that could be slightly hard to understand for us, as Israelis. That is why the following article is dedicated to reviewing the real estate taxing topic in the United States, the income from rent payments, and the method of […]
Tax Deposit Payments for Partnerships and LLC Companies
The American IRS imposes a substantial tax liability on all of the United States citizens (as well as foreign citizens conducting financial activities within its borders). In this guide we’ll be reviewing this topic, with an emphasis on tax deposit payment for partnerships and LLC companies and the sanctions imposed on being late with those […]
X-1040 Form
When a mistake is made in a tax return handed in to the IRS, it is possible to hand in a fixed tax return using a form called X-1040 “Amended Return”. In the following guide we will explain in which cases there is a justification to hand it an amendment and the accompanying repercussions. […]
What is w8ben-e
In the past few years more and more Israeli businesses are required to sign a form called w8beb-e as part of the process of opening a bank account. This requirement is a result of regulatory reform initiative by the IRS that was also adopted by the tax and banks authority in Israel. What is this […]
What is w 8eci?
A w 8eci form is a declaration document that a person who is not registered as a resident of the United States or as an American citizen is require to fill and send to the IRS in order to receive permission to be exempt from tax withholding on their ongoing revenue from interest, dividends, rent […]
Taxes in the United States: The full handbook for taxation within the United States
The United States today includes 50 different states that are united as one federation. The meaning of this is that a difference in tax laws between the different states within the United States is to be expected. This difference could possibly heavily affect the profitability of investing in profit yielding properties in the United States, […]
Taxation on ongoing revenue
For the past few years, the United States is considered one of the most attractive locations for real estate investments. As such, it is no surprise that the Israelis became particularly active in the American real estate market. That being said, even though buying real estate for investments in the United States is beneficial in […]
Nefesh B’Nefesh Bootcamp, Golden Tickets and US Tax
This week, MasAmerica had the pleasure of being part of the Nefesh B’Nefesh Be’er Sheva Pitch Night, where we got to speak, meet, and greet the talented and enthusiastic Anglo olim from the South of Israel who are paving their way to success here in Israel. The Pitch Night is Nefesh B’Nefesh’s premier networking event for […]
