Israel has been a target for the IRS in the past few years, which means that expats living in Israel need to be extra careful about reporting their US taxes. With over 200,000 Americans residents, Israel is a country on the IRS’s radar.
We have filed taxes for hundreds of Americans living in Israel and we work with several Israeli accounting firms who are able to advise on Israeli tax issues as well as prepare Israeli Tax returns. In addition, we can help Israeli Green Card holders and Israeli’s Investing US businesses and property.
Many American’s working in Israel will pay a higher tax rate to the Israeli Tax Authority than would be required by the IRS at the same income levels. Therefore, many Americans living in Israel are able to use the Foreign Tax Credit to reduce or eliminate their US tax liability. Most of our Israeli clients pay very little or no US taxes.
Universal Tax Professionals has an office in Jerusalem, Israel. However, we are also able to meet clients in Tel Aviv, Haifa, and Beersheva. Email us at email@example.com if you would like to set up a meeting with one of our tax experts.