Israeli Tax Lawyer Doron Levy - Voluntary Disclosure
Tax Lawyer Doron Levy

Video: The Hidden Tax Pitfalls of Relocating from Israel to the U.S. | Adv. Doron Levy

Relocating from Israel to the United States might seem straightforward but can lead to unforeseen tax complications. Tax lawyer Doron Levy highlights the risk of double taxation when selling property after obtaining U.S. residency. Israel’s exit tax on gains made while living there may conflict with U.S. tax laws, as the U.S. does not recognize this tax. The absence of clear guidelines in the tax treaty between the two countries leaves this issue unresolved, posing a significant financial challenge for those who relocate.