New Horizon of Tax Compliance in Light of FATCA, OECD and BEPS - What Does it Mean for Israelis?

Stuart Schabes presented at an event sponsored by the Institute of Certified Public Accountants in Israel on November 26th, 2015 in Tel Aviv, Israel.

His presentation covered:

  • Impact on Israel Banks, Dual Citizens and Green Card Holders
    • Impact on Multi-jurisdictional transactions
  • Update on IRS OVDP and Foreign Streamline Program – Successful Non-Willful Statements
  • Impact of New Israel Tax on Trusts

Israel, U.S. Dual Citizens Urged to Comply With Dual Reporting Requirements

Ober|Kaler Tax attorney Stuart Schabes speaks with Jenny David, of International Tax Monitor Bulletin about the offshore voluntary disclosure program.

Read the full article [PDF]


Ober|Kaler's Israeli Tax Group

There’s been a dramatic increase in IRS audit and collection activities affecting US citizens and green card holders living in Israel. Israeli citizens living or doing business in the US are undergoing increased scrutiny of tax returns. Enforcement actions are becoming more aggressive. Sophisticated professional representation before the IRS is the key to achieving a reasonable and realistic resolution of foreign tax obligations. Ober|Kaler’s Israeli Tax Group advises Israeli businesses and individuals on a full range of IRS issues, including FATCA, OVDI and FBAR matters. Read more

 


2015, It's Been a Blast

Stuart Schabes of Ober|Kaler's Tax Group sits down with Philip Stein of Philip Stein and Associates to celebrate and discuss the December 15 deadline and 2015 coming to an end in a special podcast episode. Together they summarized all they learned so far since 2009 on the reporting of a foreign bank account, disclosure and streamline programs.

To listen to the full podcast visit: www.pstein.com/2015-its-been-a-blast


New Alert

FBAR Deadlines Not as Close as You Think: New Tax Bill's Language Points to 2017 as Likely Timetable

January 2016

On Friday, July 31, 2015 (Tu B'av), major changes were made to tax filing dates affecting certain partnerships, C corporations and FBAR documents. While you may have received tax alerts from other professionals implying that these new deadlines, especially for FBARs, take effect as of April 15, 2016, we respectfully disagree. We believe that the new due dates set forth below take effect for returns that will be due primarily in 2017.
Read more

 


Presentations

Hot IRS Topics for 2015

On July 16, 2015, Ober|Kaler attorneys Stuart Schabes and Seth Kossman presented the fifth annual tax seminar, “Hot IRS Topics for 2015” in Jerusalem, Israel. Over 70 accountants attended the three-hour session, which was eligible for CPA continuing education credits. Topics included: addressing the “leaver” issue; do’s and don’t’s of foreign submissions; and expatriation and exit tax planning.

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Seminars

Ober|Kaler's Israeli Tax Group regularly sponsors tax seminars in Israel and in the US focusing on tax planning and hot IRS tax compliance efforts. All seminars are available as webinars and can be accessed by visiting our resources page.


Ober|Kaler is certified by the National Association of State Boards of Accountancy as an approved provider of CPE credit for accountants. NASBA Registry sponsor ID number 115763


For more information or to arrange for one of our Israeli Tax Group attorneys to speak for your organization or group contact Stuart Schabes.