Wealth Management
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 […]
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 […]
In June 2010, Microsoft Corporation announced a change in income tax withholding in the USA on stock options/awards of employees who have transferred or will transfer in the future out of Canada, Israel, the Netherlands, the United Kingdom China.
In a separate post I will describe the effect of these changes on tax planning and tax filing of the employees.
Bellow […]
As a financial adviser, I often ask my Microsoft clients: “What is the Annual (or Annualized) Rate of Return on your Employee Stock Purchase Plan (ESPP)?” Over the years I’ve gotten many answers to this seemingly simple question.
Actually, ESPPs are misunderstood by many employees.
The ESPPs have two major elements that contribute to the Rate of […]
If you received foreign gifts of money or other property, you may need to report these gifts to the IRS.
Form 3520 is an information return, not a tax return, because foreign gifts are not subject to income tax. However, there are penalties for failure to file Form 3520 when it is required.
In general, a foreign […]
If you are living and working abroad you may be entitled to the Foreign Earned Income Exclusion. Here are five important facts from the IRS about the exclusion:
The Foreign Earned Income Exclusion United States Citizens and resident aliens who live and work abroad may be able to exclude all or part of their foreign […]
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