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Are you an American citizen now living in Israel or any other country? If so,have you been paying all your U.S. taxes? You might not be aware that you still have tax obligations to the IRS, even though you are paying taxes to your current country of residence. On this week’s Goldstein on Gelt show, Doug speaks to CPA Ron Zalben, who talks about the FBAR and FATCA tax forms, what they are, and why it is so important to file them.

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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. Doug’s newest book, co-authored with Susan Polgar, about using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com

2 COMMENTS

  1. The US is the only country in the world that taxes their citizens who reside in other countries. The purpose of taxes is to benefit the citizen mainly with security but also with services. The US does not do that for the citizens residing abroad.

  2. The US is the only country in the world that taxes their citizens who reside in other countries. The purpose of taxes is to benefit the citizen mainly with security but also with services. The US does not do that for the citizens residing abroad.

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