For Americans in Israel, the U.S. tax man cometh
But thanks to a new IRS-Israeli treasury agreement, U.S. citizens with bank accounts here may not be fined for undisclosed income - if they come forward first.
It is estimated that hundreds of thousands of American citizens and holders of permanent residency status in the United States live in Israel. While U.S. citizens are required to file reports with the Internal Revenue Service about their incomes and holdings in foreign banks even if they live abroad, it is thought that large numbers of people who have dual American-Israeli citizenship and...
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