Israeli Investments and U.S. Taxes: What Americans Living in Israel Need to Know

You're filing your U.S. taxes like a champ. Gold star. But what if the way your Israeli investments are set up is quietly costing you money every single year? Most Americans in Israel have never heard of the P.F.I.C. trap, and by the time they find out about it, years of gains have already been affected. Doug Goldstein, CFP® breaks down what P.F.I.C.s are, why Israeli mutual funds get hit with punishing U.S. tax treatment, and the surprisingly simple principle that can help you avoid the whole mess. Plus, the one thing you can do this week to start getting your cross-border portfolio on track.