Moving from Israel to the United States presents more than just logistical challenges; it can also result in complex tax issues. According to tax lawyer Doron Levy, Israeli citizens who sell property after relocating may face double taxation due to conflicting tax laws. While Israel’s exit tax is applied to gains made before the move, the U.S. tax system does not recognize this, creating a potential financial burden. The lack of clear guidance in the treaty between the two nations only adds to this issue’s uncertainty.
How to Correct Tax Reports Without Criminal Sanctions | Adv. Doron Levy
The Voluntary Disclosure Procedure continues its primary objective from previous years: allowing taxpayers who have committed tax offenses—intentionally or by mistake—to regularize their reports without
