Taxed & Overtaxed

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Do you have a bank account in Israel? If so, let’s hope you filed the correct forms. Otherwise, you could be in for a criminal investigation and some hefty fines. That’s because early this year, the Internal Revenue Service announced that it was cracking down on people not voluntarily disclosing their inc-ome and funds in… Read More

Over The Red Line?

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The news that the Internal Revenue Service (IRS) unfairly targeted conservative groups has brought a new spotlight on a 2012 lawsuit filed by the pro-Israel group Z Street. According to Z Street Director Lori Lowenthal Marcus, the IRS singled out the organization and failed to move forward its request for 501 (c)(3) tax-exempt status because… Read More