Philip Stein, at The Blogs

Jul 2, 2024, 12:40 PM

Top 10 Tax Topics for Israelis Moving to the U.S. This Summer

Many Israelis moving to the U.S. do so without thorough planning, often falling victim to double taxation issues. They aren’t at fault, though. Many don’t even know what to ask about or plan for before the move. These are the...

Sep 8, 2020, 1:22 PM

Key Issues and Opportunities When Returning to Israel–Part 2

Returning to live in Israel after many years abroad very often includes planning for assets that have been accumulated or acquired while you were in the U.S. Three of the most common assets accumulated that require planning are a...

Aug 4, 2020, 6:47 PM

Key issues and opportunities when returning to Israel

One of the many trends we are seeing in the COVID-19 crisis is an increase in Israeli citizens who were working abroad returning home to Israel. This return is partly enabled by the increased ability to work remotely. However,...

Jun 18, 2020, 12:25 PM

Racism Then and Now

Racism is a difficult topic to write about. Sometime last year my wife Judy and I went to see the movie The Green Book. Although the film tells a compelling story and won the Academy Award for Best Film,...

Jun 9, 2020, 7:26 PM

Whitey, Jimmy, and Joe

Washington DC, USA - July 17, 2014: A detail from one of the statue groups at the Franklin Delano Roosevelt Memorial that portrays the depth of the Great Depression. (Scanned from black and white film.)

When I was a kid in the mid-1960s, Whitey, Jimmy, and Joe were about 60 years old. I recall them, their faces, names, and stories, as semi-regulars, older men employed by my grandfather as day workers in his wholesale...

Apr 7, 2020, 2:24 PM

With A Song In My Heart

(OR IT’S BEGINNING TO LOOK A LOT LIKE PESACH) Ever since I can remember, I have loved music, whether it was my grandfather introducing me to Scheherazade by Rimsky-Korsakov, my father to Big Band, or my discovery of the Beatles...

Feb 26, 2020, 3:10 PM

The Top U.S. Tax Mistakes to Avoid For Dual Citizens in Israel

The most common issues that make dual-status citizens living in Israel owe U.S. tax Our clients are always in a rush to file their U.S. taxes and get a refund for their children. However, once we tell them that instead...

Aug 15, 2019, 3:00 PM

Investing in the US

A guest post by by Fred Kahn, CPA, a partner at Philip Stein & Associates and head of the firm's Individual and Partnership Tax Department. Many non-US citizens enjoy investing in the US capital and real estate markets. They see the...

Jun 24, 2019, 11:05 AM

Keeping Your Finger on the GILTI Pulse

By: Yaacov Jacob, Manager, Individual Tax Department Updates From The New Final And Proposed Regulations And What They Mean For Individual Tax Payers: On June 14th the IRS released much anticipated final regulations on the general rules of GILTI. GILTI is a tax that...

May 2, 2019, 11:51 AM

3 times GILTI may still apply to you

The danger of the new Global Intangible Low Taxed Income (GILTI) rules has been greatly reduced with the new proposed regulations recently released. These regulations allow individuals filing under Sec. 962 to receive a 50% deduction on GILTI income. ...

About Me

Philip is the founder of Philip Stein & Associates, the largest US accounting firm in Israel, specializing in US taxation of US tax residents living in Israel, and of Israeli individuals and companies doing business in the United States. Offices are in Jerusalem, Ramat Gan and Beit Shemesh. Philip grew up on the South Side of Chicago, and graduated from the University of Illinois, followed by an MBA from the University of Michigan. Philip started his career in the tax department of what today is Ernst & Young. He has lectured at Roosevelt University, Loyal University and Northeastern University, and continued to lecture on international tax issues in Asia, Africa, Europe and North American. He is also a frequent speaker for Nefesh B’Nefesh and has advised the Israeli Treasury, Bituach Leumi and the Knesset on various tax issues affecting US citizens living in Israel. Philip’s love of radio led him to start his podcasts which have attracted tens of thousands of listeners. He continues to be an avid Chicago sports fan as well as a lover of mountain hiking, TRX, and snowshoeing (he likes to keep his feet on the ground!).

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