Wealth Management
Category: Global Taxation
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 […]
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 […]
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