Tag archive for ‘Internal Revenue Service’
Niva Goldberg On Thursday, July 9th, 2015

IRS takes $388 Million bite from Davidson estate instead of $2.8 Billion

The heirs and estate of billionaire Bill Davidson, former owner of the Detroit Pistons, have reached an agreement with the IRS which will take $388 million to settle estate-tax claims, instead of the More...

LOGO , Illustration, TAX
Ori Chudy On Wednesday, June 24th, 2015

Tax Authority introduces online real estate deal reporting

  The Israel Tax Authority is trying to streamline its bureaucratic procedures for real estate transactions. Yesterday, Tax Authority head Moshe Asher officially announced the option of submitting reports More...

Jewish Business News On Sunday, June 21st, 2015

Z Street Beats The IRS

– Pro Israel Lobbying group Z Street has won an important court case against the IRS which has been trying to deny it tax exempt status. After five years before the courts, the D.C. Circuit Court of More...

Foreign Account Tax Compliance Act (FATCA) , TAX , Financial
Irit Avissar On Tuesday, January 13th, 2015

Israeli banks extend FATCA declarations to businesses

By next year, the US Internal Revenue Service will require all Israeli businesses to declare whether any shareholders are US citizens.   The US Foreign Account Compliance Act (FATCA) regulations are being More...

Irit Avissar On Thursday, January 8th, 2015

US Internal Revenue staff in Israel for tax evasion talks

The meeting is to implement the information exchange agreement between Israel and the US. A delegation from the US Internal Revenue Service (IRS) visited Israel last week to meet representatives of the Israel More...

Foreign Account Tax Compliance Act (FATCA) , TAX , Financial
Jewish Business News On Wednesday, July 2nd, 2014

Israel, US sign tax information pact

– The Israel Tax Authority will report to the US IRS on accounts held by Americans in Israel. –   The Israeli and US governments have signed an agreement aimed at improving international tax More...

Clive Minchom On Sunday, July 7th, 2013

James Simons and Renaissance in Tax Dispute with the IRS

– James Simons / Bloomberg – /By Clive Minchom / Last week Bloomberg reported that the United States Internal Revenue Service has been attacking an aggressive tax strategy put in place by one of More...

Illustration , money,
Globes On Monday, July 1st, 2013

US customers withdraw $4 billion from Israeli banks

– The banks estimate that tighter US tax laws have caused US citizens to withdraw $4-5 billion from Israeli banks in less than two years. – Illostration / Getty – / By Irit Avissar/ Tighter More...

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