Tax Requirements for Owners of Income Producing Properties in the U.S.
2014 has ended and we are confident that your "Passive Income" real estate investment through American Eagle Equity has proven to be the safe and profitable investment you expected. At this time, both the U.S. and Israeli tax authorizes present us with obligations that need to be filled. In this newsletter you will find valuable links to important information relating to these obligations
U.S. Tax Requirements
Both U.S. and non-U.S. citizens who earn income in the United States must file a yearly tax return form to the IRS (Federal) and a state tax form (in some states). While you can do this by yourself on-line at IRS-Filing, it is highly recommended that you use a certified U.S. tax accountant in order to guarantee that it is done properly and to avoid possible penalties for misreporting income. A certified U.S. tax accountant will also be qualified to apply for the greatest amount of tax exemptions possible.
For a complete explanation of your tax obligations in both the U.S. and Israel, click on this link:
The Israel Tax Authority requires all Israeli residents to report all income from overseas businesses or investments. While one can file their annual report on their own at Israel Tax Authority, we highly recommend using a qualified accountant trained in Israel tax law.
We ourselves use the same accounting office to file both our U.S. and Israeli forms so that our tax obligations and reporting is managed under one roof thereby maximizing our exemptions and minimizing our tax payments.
We use the services of the accounting firm Eshel, Marcovich, Cohen as our tax consultants and to manage our tax reporting and filing in the U.S. and Israel. Their contact information is in the attached links for your interest.
For a complete explanation of your tax obligations in both the U.S. and Israel, click on this link:
If you have any questions, please feel free to call us at your convenience. We wish you all another profitable year from your current holdings and are here to help you expand your portfolio as it becomes relevant.
