Americans in Israel

Americans living in Israel who are required to file annual U.S. income tax returns on their worldwide income, are finding that many financial institutions in Israel and other countries are unable to produce the necessary year-end tax reporting documentation that they require to attach to their tax returns.

The Foreign Tax Compliance Act (FATCA) and other regulations are having a direct impact on U.USGuideS. nationals residing in Israel. Many Israeli banks and overseas investment companies are turning away American customers, which creates particular challenges for American expats looking to manage their wealth.

We have prepared a short user-friendly guide for Americans in Israel that contains Tax and Financial Compliance Information relevant to FBAR reporting, PFIC issues and the impact of FATCA.