OUR FEES

Our Fees for filing US taxes in Israel:

Please note prices do not include VAT.

Personal Tax Returns

Our base fee of ₪1,195 includes the preparation of the following forms and schedules:

  • Form 1040 (individual tax return)
  • Up to two Salaries
  • Up to two bank and brokerage transactions
  • Child Tax Credits
  • Form 1116 (foreign Tax Credit)
  • Form 2555 (foreign earned income exclusion)
  • Schedule A (Itemized deductions)
  • Up to two K-1s

Additional forms and schedules

Each additional salary₪72
Each additional bank or brokerage transaction₪72
Each additional K-1₪72
Business income₪195
Rental Property₪195
Form 8833 (Treaty-Based Position)₪195
Form 8863 (Refundable tuition credit)₪195
Form 8814 (kiddie tax)₪195
Form 8621 (PFIC reporting)₪625 per Account
Form 4797 (Sale of business and property)₪520
Form 8379 (Injured Spouse Claim)₪310
MFS Tax Return (Married Filing Separate additional tax return)₪310

Other Fees

State Tax Return₪405
Dual Status Tax ReturnStarting from ₪1,765
Form 5472₪970
Form 1040x Amended Tax Return₪1,455
Tax planning or/ and Consultations₪675 per hour
Facilitating tax payments (each time)₪135

Delinquent Filing- Streamlined Procedure

Our flat fee of ₪4,680 includes:

  • 3 US Federal Income Tax Returns
  • 6 FBARs
  • Statement of Non-Willful Conduct

FBAR Form 114

Up to 5 accounts₪375
6-10 accounts₪600
11-20 accounts₪770

FATCA Form 8938

Up to 5 accounts₪520
6-10 accounts₪860
11-20 accounts₪1,255
Form 5471 – Information return for US officers that needs to be filed by a citizen who is a director of, or shareholder in a foreign corporation.₪1,130
Section 962 Election₪800
Forms 3520/3520A – Returns to report transactions with foreign trusts, ownership of foreign trusts and receipts of large gifts from foreign persons.₪1,550
Form 8865 – Return for partners of certain foreign partnerships.₪1,495
Form 8858 – Information return for owners of foreign disregarded entities and
foreign branches.
₪1,090

Corporate Tax Returns

Form 1120 – Corporation Income Tax Return₪3,085 – ₪6,290
Form 1120s – Income Tax Return for an S Corporation₪3,085 – ₪6,290
Form 1120F – Income Tax Return of a Foreign Corporation₪3,085 – ₪6,290
Form 1065 – Return of Partnership income₪2,670 – ₪6,290
EIN and Form 2553, Election by a Small Business Corporation₪625
Form 1041 – Income₪2,670– ₪6,290
990EZ – Not-for-profit Tax ReturnFrom ₪2,670
990- Not-for-profit Tax ReturnFrom ₪3,360
Bookkeeping₪425 per hour
Audited Financial StatementsContact us for a price quote

 

US Tax Returns for individuals/ single member LLC’s

Form 1040NR Non-Resident Federal Tax return, including up to two K-1s₪1,255
Each additional K-1₪72
Schedule E (Rental Property)₪195
Form 5472 for disregarded entities₪970
State Tax Return₪405
Each additional State Tax Return₪185

US Tax Returns for Partnership (Multi Member LLC’s)

Form 1065 – Federal Tax return of Partnership income₪3,085- ₪6,290
State Tax Return of Partnership income₪405
Form 8805 and 8804₪182 per member
Form 8813 (Late penalties will be assessed if proper tax withholding was omitted)₪610
Form 1040NR Non-Resident Federal Tax return (includes Form 1040 and 2 K-1’s) X2₪1,250
Each additional 1040NR₪610
Each additional K-1₪72
Schedule E (Rental Property)₪195
State tax return X2₪405
Each additional State return₪185
Form W-7 ITIN Application₪520
Form W-7 ITIN Application alone when a tax return is not prepared by us₪285

IRS Audit Representation

Insurance Coverage plan for Audit and IRS Correspondence (Includes Tax court)₪310
IRS ID verification call₪550
TAS₪885
Uncollectables₪2,245
Tracking lost checks₪715
First time penalty abatement request₪600
Reasonable cause penalty abatement request₪745-₪1,475
Appealing timely fling of return₪715
Responding to IRS correspondence₪715
Audit₪2,475
Tax court₪2,475
Offer in compromise doubt as to liability/ audit reconsideration₪3,315

Our duty is to prepare the forms based on information provided to us by the client.

We take no responsibility as to the accuracy of the information reported on the forms.
Our tax preparation fees are due upon completion of our work regardless of tax filing outcome.
They do not include possible follow up work, such as future IRS communications or audits.
Such follow up work will be billed separately.

Our dedicated tax experts are experienced with the preparation of all the US tax forms. We will evaluate your unique tax situation and advise which forms apply to you.,

Our Fees for filing Israeli Taxes

Following is a list of services provided including the estimated fee for each service (all prices are before Maam):

  1. Opening File:
a) Opening file for Osek Morshe /Osek Patur₪1,200
b) Opening file in Mas Hachnasa only₪1,000
c) Opening file without a Teudat Zehut₪550 per hour
  1. Bookkeeping:           
Monthly Bookkeeping – 450   ₪800 a month
Additional bookkeeping services₪250 per hour
  1. Salary Preparing:
Salary PreparingStarting at ₪350 a month for the first Tlush. ₪150 for every additional worker
  1. Reports:
a) Annual Personal 1301                         Minimum ₪2,000 depending on work involved
b) Hatzharat Hon if relevant₪1,200 – ₪2,500 depending on the amount of work/ assets involved
c) Certificates for bank or insurance etc                       Minimum ₪275 / ₪550 per hour.
d) Other tax servicesBilled at an hourly rate of ₪650/hour

Once an engagement letter is approved, the client will be obligated to pay for the time spent on their file even in the event that the related tax file is not opened, or the related tax return is not filed at our normal hourly rates of 550 NIS per hour. 

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