Moving from Israel to the United States presents more than just logistical challenges; it can also result in complex tax issues. According to tax lawyer Doron Levy, Israeli citizens who sell property after relocating may face double taxation due to conflicting tax laws. While Israel’s exit tax is applied to gains made before the move, the U.S. tax system does not recognize this, creating a potential financial burden. The lack of clear guidance in the treaty between the two nations only adds to this issue’s uncertainty.
Staying Compliant with Crypto Taxes: Adv. Doron Levy on Voluntary Disclosure in Israel
Adv. Doron Levy appears in a short video to discuss how the latest wave of voluntary disclosure in Israel is partly driven by the rise
