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 […]

Microsoft changed withholding on Stock Awards/Options for Global Employees

Microsoft changed withholding on Stock Awards/Options for Global Employees

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 […]