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US taxes

Get your documents in order,
before the return is prepared.

US citizens living in Israel usually have to deal with reporting to the US tax authority. We help organize the documents, understand what is asked and reach a licensed professional who prepares the return.

Good to know

  • ✓We do not prepare tax returns, give tax advice or represent you before the IRS. The return is prepared by a licensed professional.
  • ✓According to the IRS, anyone who prepares returns for pay must hold a PTIN. You can check a preparer in the IRS directory.
  • ✓We are not affiliated with the IRS. There is no promise of any result, tax refund or date.
Before you start

A few things worth finding out.

The exact answer depends on your personal situation, so this is only the general picture according to the IRS.

01

Filing a return

According to the IRS, the rules abroad are similar to those in the US, and tax applies to income from anywhere in the world. Those living abroad get an automatic two-month extension, so for a calendar year the date moves from April 15 to June 15. Interest on unpaid tax is calculated from the regular due date.

02

Accounts abroad

Anyone with financial accounts outside the US whose combined value exceeded $10,000 at any point in the year must file an FBAR. It is filed electronically through the FinCEN system and is not attached to the tax return. The due date is April 15, with an automatic extension to October 15.

03

Additional forms

Sometimes additional forms are required, for example Form 8938 for foreign financial assets. The exclusion for income earned abroad and the foreign tax credit are available only to those who file a return.

How we work

Four steps to an organized file.

01

Find out the situation

Which years need reporting, what kinds of income there are, and which accounts and assets exist in Israel.

02

We build a document list

You get a list of what to collect, so the professional does not have to come back to you again and again.

03

We organize the files

We scan, sort by year and by topic, and prepare a clear folder.

04

Refer you to a licensed professional

An accountant, an enrolled agent (EA) or a lawyer who specializes in US taxes. You choose, and we hand them organized material.

What to prepare

The documents usually requested.

The IRS's official explanation for people living abroad is on theIRS website.

✓
Income documentsPay slips, annual income statements and details of other income, for each year that needs reporting.
✓
Bank and savings accountsAccount statements and, if possible, the highest balance in each account during the year.
✓
Other financial assetsFunds, securities and pension savings. The professional will explain how to report each one.
✓
Previous returnsIf returns were already filed with the US tax authority, it is worth including them.
✓
Identification detailsSSN and US passport details.
Price

Way USA service fee

₪249

Included in the service

  • Organizing documents
  • Preparing an organized file to hand to an accountant or licensed professional

Not included

  • Preparing tax returns
  • Tax advice
  • Replacing an accountant

Way USA does not prepare tax returns, does not give tax advice and does not replace an accountant.

Government fees, postage, courier services, notarized translation and third-party costs are not included, unless stated otherwise.

Way USA is a private administrative assistance service, not a government body and not legal advice. There is no promise of approval, a passport, a visa or any result with any authority.

Check if it fits and start the process
Need to organize documents for taxes?

Let's start with getting organized.

Send a message with the years that need reporting and the types of income and accounts, and we will build a list together.

Send a WhatsApp messageor leave your details in the form