Relocating from Israel to the United States is not just about adjusting to a new culture but also navigating complex tax regulations. Tax lawyer Doron Levy sheds light on the challenges those who sell property after their move face. While Israel imposes an exit tax on property gains made before the move, the U.S. does not acknowledge this tax, leading to potential double taxation. With the treaty between the two countries offering no clear solution, this issue remains a significant concern for those transitioning.
Avoiding Penalties: Adv. Doron Levy on Voluntary Disclosure and Crypto Tax Compliance
November 17, 2024
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In a recent video, Adv. Doron Levy highlights Israel’s voluntary disclosure approach, particularly regarding cryptocurrency. He points out that crypto operates outside conventional banking channels,
