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November 30, 2015 / 18 Kislev, 5776
At a Glance

Posts Tagged ‘deadline’

Obama Extends Deadline to Make a Deal with Iran

Tuesday, June 30th, 2015

The United States and the other P5+1 powers unsurprisingly have extended the June 30 deadline for reaching an agreement to supervise and limit Iran’s nuclear development program.

The extension is for one week, until July 7.

As The JewishPress.com reported here earlier this week, “deadline” has a different meaning in the Muslim Middle East than it does in Western countries.

The announcement came hours after a Western official was reported to have said that the IAEA will announce that Iran has lived up to its promise to reduce its enriched uranium stockpile.

Khamenei’s Cancer May Kill Iran Deal

Monday, June 15th, 2015

Ayatollah Khamenei may end up saving President Barack Obama and Israel from a “bad deal” because of a reported terminal cancer and scramble for power by hard-liners anxious to replace him.

TheJewishPress.com reported here in March that Iran may have faked events to show that Khamenei had not died. Reports of his death were premature, but it increasingly clear that the leader of the Islamic State has terminal cancer.

Iran’s regime-controlled news agencies recently have carried fewer articles highlighting Khamenei’s speeches, and the London Telegraph reported this week he has undergone several operations for prostate cancer,

Several reports, which Iran will probably never confirm, say that he has only a few months to live, which would explain why senior Iranian hard-liners are busy campaigning against a deal with the United States and the other P5+1 powers over its nuclear program.

Preaching compromise is dangerous to one’s health in Iran.

Hassan Rowhani controls Iranian policies by virtue of being president but is subservient to the Ayatollah, whose replacement may have already have been engineered with the jockeying by Sadeq Larijani, whose brother Ali is Iran’s senior negotiator with the Western powers.

If Khamenei dies, the Islamic Assembly of Experts, so they call themselves, will chose his replacement.

Lo and Behold, a hard-line ally of Khamenei named Mohammed Yazdi was named to the Assembly in March, giving Larijani more solid support since he is protégé of Khamenei.

Sadeq Larijani heads Iran’s judiciary and has begun an investigation of those who are alleging that Khamenei is corrupt.

And who is behind the allegations? None other than a contender to replace Khamenei, Mahmoud Hashemi Shahroudi, an ally of former president Ali Akbar Hashemi Rafsanjan. Remember him? He is a moderate, keeping in mind that everything is relative.

With Larijani set to take over, and a deal supposed to be signed in two weeks, statements from Iranian officials that the “deadline” may be extended are sounding more reasonable and not just rhetoric.

If Larijani wants to prove to the Assembly that he can be trusted to not let President Barack Obama get away with a deal that could actually force Iran into a situation that would endanger Iran’s nuclear weapons program, June 30 is going to be marked as nothing more than the end of the month, and the same night be said for July 31.

Larijani might want to bury the deal along with Khamenei.


Russian Foreign Minister Leaves Lausanne

Monday, March 30th, 2015

Russia’s Foreign Minister Sergei Lavrov is leaving the talks in Lausanne, Switzerland this afternoon and will return to Moscow but is ready to return if the P5+1 and Iran come to terms for a framework agreement.

Analysts are speculating that Foreign Minister Lavrov’s exit is a sign that no deal is imminent, but every opinion is up for grabs in what has become the center stage of an act that would put the world’s best novelist, Broadway producer or circus master to shame.

With all due respect to the experts who have at least a thousand words to say every time someone burps in Lausanne, only a master of evil can figure what is going in the mischievous and evil minds of Iran and Russia, one of the P5+1 powers and which has a vested interest in Iran’s nuclear development.

A Russian spokesman said that Lavrov “is ready to come back as soon as needed.”

However, his deputy will remain in Lausanne while U.S. Secretary of State John Kerry and the foreign ministers of the other four Western powers face off against Iran towards tomorrow night’s deadline, which was set by President Barack Obama for a framework agreement on Tehran’s nuclear program.

After a one hour and 14 minute meeting this morning, new talks have been scheduled for 8:30 p.m., five hours later than previously planned.

Obama has said there will be no extension, but if Kerry and his colleagues see the possibility of a deal a day or two after the deadline, the president very likely would go back on his word.

Key issues dividing the two sides apparently are when sanctions would be removed and how much research and development Iran can continue.





Israel, U.S. Reach Agreement on IRS Regs for Dual Citizens

Thursday, May 15th, 2014

Americans living in Israel, watch out for this year’s June 30 tax deadline.

The Israel Tax Authority has formally reached an agreement with the U.S. regarding the Model 1 FATCA agreement with the IRS, according to attorney Dave Wolf, of the firm Hacohen and Wolf.

The full details of the FATCA Agreement are yet to be published upon the signing of the FATCA Agreement, but according to the Israel Tax Authority’s spokesman, the agreement contains certain restrictions on the use of information passed to the IRS and relief of reporting for certain institutions.

According to U.S. law, all U.S. citizens — regardless where they live — have an obligation to pay taxes on their worldwide income. In addition, in cases where the aggregate value of all foreign accounts exceeds $10,000 at any time during the calendar year, they also have to report this information on a special form commonly known as the FBAR.

Since July 1, 2013, the FBAR needs to be e-filed before June 30 of the following tax year.

Under FATCA, foreign financial institutions (banks, hedge funds, pension funds, insurance companies etc.) are required to report information to the U.S. tax authorities (the IRS) information about foreign accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest.

This means the Israeli financial institutions will have to report to the U.S. government all their clients who are U.S. citizens and/or green card holders, disclosing all these accounts.

This has huge implications for any American living in Israel or abroad who has never reported his foreign accounts or paid taxes on its income to the IRS, and also to some states if applicable (such as NY and NJ).

Individuals have four options with which to comply, according to Wolf, who can be reached at this link for more information.

Printed from: http://www.jewishpress.com/news/breaking-news/israel-u-s-reach-agreement-on-irs-regs-for-dual-citizens/2014/05/15/

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