Ask Experts Questions for FREE Help !
Ask
    rmelenson's Avatar
    rmelenson Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 27, 2011, 10:53 AM
    Israel-US Tax Treaty
    I am planning to move to Israel and become an Israeli citizen. I have US earned tax deferred income which I have invested in fixed income indexed annunities. Does the US-Israel Tax Treaty allow me to pay the taxes on my tax deferred US earned income to Israel instead of to the United States/IRS? Will doing so, help me to reduce the amount of tax dollars I will have to pay? I will be living off this tax deferred income and so would like to reduce my tax burden as much as possible.

    Thank you for your answer.
    Richard Melenson
    [email protected]
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 14, 2011, 10:38 PM
    There are too many variables to cover in the forum. You need to contact a competent international tax consultant who can review your case in detail and do the proper research and analysis. This is a case that face-to-face contact, with probably several meetings.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

US Israel tax treaty [ 5 Answers ]

Hi, I want to know about the treatment of capital gains from mutual funds, gains on qualified retirement accounts and pensions held in both the United States and Israel for a United States/Israeli dual citizen whose main resident is in Israel in light of the US Israel tax treaty and considering...

J1 / Tax treaty Israel-US [ 5 Answers ]

Hi, I am an Israeli postdoc under a J1 visa (date of arrival in the United States March 2010). The period covered by my visa is 3 years (March 2010 - March 2013). I've just received from my employer a letter asking me to fill out form 8233 if I want to benefit from tax exemption under the...

J-1 US-Israel tax treaty and tax return [ 2 Answers ]

Hi, I am an Israeli scholar (postdoc) on J-1 visa. I came to the US in December 2006, but started working (and receiving salary) from Jan 1, 2007. For the first 2 years (2007-2008) I have claimed tax benefits under US-Israel tax treaty. Since I wasn't paying federal income tax for the first two...

Tax for F-1 visa on OPT with tax treaty, resident alien for tax purpose [ 2 Answers ]

HI--I have multiple "identities" with regard to tax: 1. I'm an F-1 visa holder 2. I'm on OPT from Sept.2007-Aug.2008 3. I have benefits of tax treaty, under which I can be exempted from federal taxes up to $5000 a year for wages, and unlimited amount for fellowship 4. I'm a resident alien for...

View more questions Search