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Yosefa R. Huber, CPA is a division of KYC Israel Research Services, Ltd

©2019 by Yosefa Huber

January 20, 2020

Free gift:

Yosefa's handy-dandy do-it-yourself FBAR Table. 

This post has been updated and republished from 2017.

A video with example is available on my Facebook page.

IMPORTANT UPDATE: Any FBAR form downloaded prior to December 8, 2017 will no longer be accepted for submission. DO NOT Cut and Paste your account information from the old form, this will corrupt the file. If you download the new form and paste information from the old for, you wi...

July 16, 2019

Where do you start? Every week I speak to US citizens living abroad who didn’t realize they were supposed to be filing US income tax returns every year. Many call me because they heard they could get $1,000 from the US government for each child.  Here’s what you should know. If you have children with social security numbers, you CAN get up to $1,000 per child. (More on refundable credits in a future post.) What many people don’t realize is th...

May 18, 2017

In 2017 the Israel National Insurance Institute ("Bituach Leumi") will be opening long-term savings plans for every Israeli child who was under the age of 18 on December 31, 2016. Bituach Leumi will deposit ₪50 each month, plus ₪500 when the child turns 18. Young Israelis who don't touch the savings until they turn 21 receive an additional ₪500. Parents may choose to make a matching contribution of ₪50 per month, deducted from their child allowan...

February 21, 2017

The U.S. requires that you file a Report of Foreign Bank and Financial Accounts (FBAR) if you meet a threshold of $10,000 at any time during the calendar year. How do you figure out if you meet this threshold? Look at all your accounts: bank accounts, deposits, investments, pensions, savings funds, joint accounts, accounts where you have any sort of signature authority, power of attorney, or custodianship. Basically, anything where you could acc...

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