Insurance & Taxes
The Bonds American Olim Should Sell
What To Do If You Can’t Buy U.S. or Israeli Mutual Funds
Is Your Brokerage Account in Danger of Being Sold Out?
Is The Right Company Managing Your Money?
A tax lawyer recently called me to ask if I could help one of his clients who is inheriting “all sorts of stuff from America.” That “stuff” turned out to be brokerage accounts at two different firms and a retirement account (IRA). “To make matters worse, Doug,” the lawyer told me,… Read more
What Happens When You File U.S. Taxes From Abroad?
American citizens living overseas often need to file U.S. taxes from abroad, even if they don’t owe any money. If you live in Israel, gathering the information you need to complete your taxes from Israeli banking and financial institutions can be tricky since foreign institutions don’t produce 1099 forms. So what is an American living abroad to do?… Read more
A Guide to the Tax Implications of a Legal Settlement
This is a two-part article addressing questions that arise when people receive lump sums. For the entire article, click here.
I recently helped a number of people who are in the midst of receiving a cash settlement from a lawsuit, and had to point out that winning a lawsuit is not “free money.” In addition to having survived personal injury and a long-drawn out legal case,… Read more
Do U.S. Citizens in Israel Pay Tax to the IRS on a Legal Settlement?
This is a two-part article addressing questions that arise when people receive lump sums. For the entire article, click here.
If you’re a U.S. citizen who recently received proceeds from a legal settlement, be aware of any possible tax requirements, as these can directly affect your retirement and estate planning…. Read more
How to Avoid Tax Mistakes When You Receive an Inheritance
When receiving an inheritance, it’s important to avoid making tax mistakes. Certain tactics, such as opening a U.S. brokerage account (see below for an interactive tool) can help. Watch out for these mistakes:
Mistake #1 – Taking money out of an IRA
To maintain the tax-deferred status of an inherited IRA (Individual Retirement Account),… Read more
Don’t Leave Tax-Loss Harvesting to the End of the Year
Ever think about lowering your taxes with the strategy of tax-loss harvesting?
Tax-loss harvesting is the practice of selling an investment at a loss and matching the loss against a gain of different security that you sold. By offsetting losses against gains, capital gain taxes are only paid on the net profits…. Read more
