Norman Chait

US Federal tax filing deadlines extended for Israel residents

For US tax payers in Israel, (or people whose tax preparers are resident in Israel), the IRS has just released a note delaying certain federal tax filings to October 7, 2024. The list of tax filings included in the IRS release is summarized below. Please refer to the original release for details. This does not relate to …

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Expat 401k catch up contributions: not all they’re cracked up to be!

Good news! Change number 237 of the Secure 2.0 Act was just announced. This latest change involves changes to how 401K catch up contributions for people over 50 earning more than $145,000 are treated. The SECURE Act changed everything Before the passage of the new Secure Act last year, employees over 50 with a 401K …

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Israel estate planning for US expats: Attend the Webinar!

WEBINAR DETAILS Date: Wednesday, September 20th, 2023 Time: 7 pm Israel, 12 noon eastern Israel estate planning for US expats can be complicated – but it doesn’t have to be! Attend our webinar and learn: The three main documents needed for Estate Planning in Israel (a Medical Directive, an Enduring, or Durable, Power of Attorney, …

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Many people in Israel are curious about US power of attorney and if it works overseas.

Estate Planning for US Citizens Living in Israel  – All you need to know in 60 minutes

Date: Tuesday, May 30th Time: 7 pm Israel, 12 noon eastern Moving to Israel from the US brings with it a host of estate planning questions. Do I need a will? Where does the will need to be written? What country must Powers of Attorney be held in? Should I set up a trust? How do I set up a …

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Many expats choose to move money internationally.

What you need to know about transferring money internationally

As financial advisors to US expats in Israel, we often get questions about how to transfer money internationally. Our guidance may apply to expats or Americans abroad who have relocated to many different countries. But first, we’ve written these blogs about moving to and living in Israel which you may enjoy. Immigrating to Israel A …

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In this article we discuss Brokerage accounts for non us residents and how to avoid getting locked out!

What expats need to know about Brokerage Accounts for non-US residents

People have asked us whether they can keep their US bank accounts and brokerage accounts while living abroad. Getting your accounts closed is a real risk – so here’s what you need to know about brokerage accounts for non-US residents. Let’s divide our response into two separate parts:  US citizens living abroad, and; Non-U.S. citizens …

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The reporting of foreign assets doesn't have to be a headache!

Compliance with reporting of foreign assets: tips for US expats to avoid stress

The United States takes a dim view on citizens who try to avoid taxes and/or hide assets overseas. These laws were formulated primarily to clamp down on criminal activity, for example drug dealers, tax avoiders and terrorists.  Nevertheless, ordinary citizens sometime find themselves impacted for non-compliance regarding reporting of foreign assets. Yes, you can be …

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This woman traveling overseas may need to familiarize herself with the basics of investing abroad, many of which are discussed in this article.

A guide to investing abroad (where and without excess taxes) for US expats

Here are some thoughts about investing abroad for US expats, Americans living abroad, and others who may be moving overseas. This guide may teach you what kinds of accounts you can use, based upon where you live, and your citizenship. Pay careful attention because knowing this information may help you reduce unwanted taxes. Before we …

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