2014

Ober|Kaler Launches US-Israel Tax Compliance Website Content-rich site offers guidance on key IRS issues for Israeli citizens and businesses

BALTIMORE, Oct. 17, 2013 /PRNewswire/ -- The law firm of Ober|Kaler is pleased to announce the launch of USIsraelTaxLaw.com, a website dedicated to education and guidance on IRS issues affecting US citizens and green card holders living in Israel. Featuring webinars, podcasts and other information on these critical IRS issues, the site is designed to be a resource for Israeli-based accountants, lawyers and other advisers, as well as for other Israeli citizens and businesses.

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USIsraelTaxLaw.com contains a wealth of educational resources on the Offshore Voluntary Disclosure Program (OVDP) and Failure to Report Foreign Bank and Financial Accounts (FBAR) programs, as well as issues arising from the Foreign Account Tax Compliance Act (FATCA), the US-Israel double tax treaty, Swiss bank accounts and other matters. Visitors to the site can view webinars specially designed for Israeli accountants and CPAs, as well as podcasts explaining various IRS terms and initiatives. Information on upcoming seminars in Israel is also on the site, along with background on Ober|Kaler's Israeli Tax Group and the services they provide. The firm is certified by the US National Association of State Boards of Accountancy as a provider of continuing professional education credit for accountants.

"The tax world is becoming more transparent. With FATCA underway, the IRS is becoming more aware of undisclosed foreign accounts and of foreign-sourced income," said Stuart Schabes, who leads the Ober|Kaler US-Israeli Tax practice "Under OVDP and similar IRS programs, Israeli financial account holders still have the opportunity to 'come clean' with their tax reporting, and avoid criminal prosecution and hefty civil penalties."

For more information on Ober|Kaler's Israeli Tax Group, contact Stuart Schabes at smschabes@ober.com.

About Ober|Kaler
Ober|Kaler is a US law firm providing integrated tax, corporate, regulatory and litigation services to a financial, healthcare, construction and other business organizations. The firm has more than 130 attorneys, and offices in Baltimore, MD and Washington, DC. For more information please visit www.ober.com.

SOURCE Ober|Kaler



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