2016-2017 Key Tax & Planning Numbers

2016-2017 Key Tax & Planning Numbers

Now that some stability was introduced into the tax rates, here are the Tax and Financial Planning numbers to help individuals and business owners prepare the taxes for 2016 and 2017.
 
Click here to review 2016 and 2017 Key Numbers

The American Taxpayer Relief Act of 2012-Movie

The American Taxpayer Relief Act of 2012-Movie

This is a short movie that covers the changes to the tax laws starting in 2013 and the retroactive changes to 2012 tax laws.
 
Click here to watch the movie

The Investment Tax Landscape: Countdown to 2013

The Investment Tax Landscape: Countdown to 2013

In December 2010, Congress extended the so-called Bush-era tax cuts. However, for investors, the legislation may have been a stay of execution rather than a full pardon. As of January 1, 2013, federal tax rates on income, qualifying dividends, and capital gains (among other provisions) are scheduled to revert to previous levels.
Given recent partisan wrangling, […]

2012 Year-End Tax Planning

2012 Year-End Tax Planning

2012 Year-End Tax Planning
Given the current level of uncertainty, year-end tax planning for 2012 is extremely challenging. With a host of major tax provisions expiring at year-end, and new taxes taking effect January 1, 2013, some year-end moves have the potential for significant savings. But will new legislation change the tax landscape once again? It’s […]

No Easy Answers as Fiscal Cliff Looms

No Easy Answers as Fiscal Cliff Looms

Tax increases and automatic spending cuts that take effect in 2013 will increase government revenue and significantly cut the budget deficit. However, that comes at the cost of economic conditions “that will probably be considered a recession.” That’s the conclusion reached by the nonpartisan Congressional Budget Office (CBO) in a recent report. The report also […]

Last minute 2011 year-end tax-savings ideas

Although there are only a few days left before this year ends, it’s not too late to implement some last minute tax planning moves that can increase your refund for 2011.
1. Matching US tax liability and foreign (Israeli) tax credits– If you have gains from vesting of Stock Awards with Israeli vesting (e.g. Microsoft employee), […]

Microsoft Employee-to HSA or not?

Microsoft Employee-to HSA or not?

 
The purpose of this memo is to discuss Health Savings Accounts (HSA), focusing on issues affecting Microsoft employees who may return to Israel after accumulating funds in such accounts.
Background:
The Microsoft Corporation has announced a transition period for changing medical plans offered to its employees. The new selection included a High Deductible Plan (“HDP”) paired with […]

Market Volatility: Looking for Opportunity

Market Volatility: Looking for Opportunity

In Chinese, the word “crisis” is composed of two parts. One symbolizes “danger”; the other represents “opportunity.” If you can keep your head while all around you are losing theirs, you may be able to take advantage of remarkable opportunities. Though all investing involves risk, including the possible loss of principal, and there can be […]

Eleven Ways to Help Yourself Stay Sane in a Crazy Market

Eleven Ways to Help Yourself Stay Sane in a Crazy Market

Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are 11 ways to help keep yourself from making hasty decisions that could have a long-term impact […]

Foreign bank and financial reporting (FBAR--FinCen 114) for Israeli accounts

Foreign bank and financial reporting (FBAR–FinCen 114) for Israeli accounts

FBAR (FinCen 114) for Israeli Accounts
It applies to all financial accounts not just to bank accounts!
The “FBAR” must be filed by US persons annually if they have an involvement in a foreign financial account. While it is generally understood that US persons are obligated to file income tax returns each year, it is not as […]