Adv. and CPA Lior Provak | Provak Yokel & Co. Attorneys at Law

I reached out to Lior regarding a tax assessment discussion that began concerning a company I own, and it seemed to me that it was not being handled optimally. Without going into details, I will just mention that Lior managed to establish a good connection with the company's accountant and enlisted him impressively for the cause. During the dialogue with the company's accountant, Lior came up with several brilliant ideas that helped the accountant deal with the tax assessor and get me out of the case almost seamlessly. It was truly amazing, and I thank him from the bottom of my heart!

I am a resident of the USA and I have an Israeli and Panamanian company that owns a significant real estate asset in Israel, together with a partner. We found a contractor for a major joint venture, but my partner and I had disagreements about how to execute the deal. Due to these disagreements, we faced potential significant tax exposure (capital gains tax, purchase tax, and dividend tax). We consulted Lior, who laid out all the options in an Excel sheet. However, we were not satisfied with these options. After two months, Lior came up with a brilliant idea involving a sophisticated self-purchase of the partner's shares, which resulted in saving me a lot of tax, and I was very, very satisfied.

I returned to Israel from England, where I owned a foreign company. Due to a mistake, I didn't manage the foreign company and its assets, and after the ten-year exemption period passed, I faced a very significant tax issue, with fundamental questions of control and management and the calculation of tax owed on the company's assets that were acquired during the exemption period. I almost gave up, but as a result of a warm recommendation, I turned to Lior. Lior studied the material very thoroughly and presented me with all the options along with the risks and chances. After we decided together how to proceed, he began intensive dealings with the tax authority, which resulted in an excellent tax settlement that saved me a lot of unnecessary expenses. And most importantly, he was fair and honest with all parties involved (yes, even with the Israeli tax authority).

I wanted to remove a partner from the company and at the same time bring in my employee as a shareholder - the company's accountant gave me a proposal that seemed very expensive in terms of tax. On the recommendation of a friend of mine (who works at the Tax Authority!) - I turned to Lior. Lior examined the case, presented me with the relevant options, pointed out the tax exposure that results from giving shares to an employee without compensation - therefore, he recommended doing it through the 102 capital options route and also offered me a much cheaper way to purchase the shares of the departing partner. In short, I may not have become a tax expert - but with Lior's help, I understood everything he suggested and made all the right decisions!

I came to Lior after I discovered that very large losses I had were not recorded in the reports I submitted to the tax authority! Lior reviewed the material very thoroughly and meticulously and presented me with all the options available to me, along with the pros and cons of each. After we decided together on the optimal course of action, we embarked on a four-year journey during which Lior managed the process with the tax authority in a thorough and professional manner. At the end of those four years, most of the losses were recognized (limitations of statute of limitations) and I received the tax refunds I desperately needed! Lior really saved me!

I returned to Israel with my family after about ten years abroad. During those years, we started businesses there and earned a nice income. After our return, we began discussions about assessments due to trusts we created while abroad. After much research, we chose Lior to represent us before the tax assessor. Lior gathered numerous documents, read them carefully, and presented us with all the strengths and weaknesses. Once we gave Lior the green light, he held several meetings with the tax assessor and to our great surprise: he received full approval for our reports, and we received assessments that confirmed our declared reports.

I came to Lior after the tax authorities demanded astronomical tax amounts from a company I own. Lior asked me for a lot of documents and reports, studied the material in depth, and after a year and a half of presenting professional arguments and meetings with the tax assessor - I was required to pay only 5% of their initial demand!

I came to Lior with a very complex issue of voluntary disclosure originating from overseas funds - stemming from a trust, with no ability to explain the source of the money. I was truly at a loss. In a professional and swift manner, Lior contacted the professionals abroad - guided them on which documents he needed to calculate my actual income. After receiving the documents, he performed optimal calculations, submitted the request with all the relevant professional arguments to minimize the tax liability, dealt with the tax assessor, and ultimately ensured that I only paid tax on the profits and not on the principal!

I went to Lior after my accountant explained that the tax authorities were demanding excessively high tax amounts from me for a capital gain transaction I made, but they were ignoring his requests to correct their demand. Lior sent them two letters, jumped into a meeting, and lo and behold, within a month, the debt was canceled!!!

I got into trouble with an unprofessional accountant who filed reports for me, which I later found out were incorrect, resulting in my bank account being seized. I turned to Lior, who explained the situation to me in a simple and clear way. He didn't promise the world, but he delivered on everything he did promise: He sent a clear and detailed letter to the tax officer with documentation, canceled a significant portion of the debt, helped with a fair payment arrangement, and really saved the day!!

I was about to purchase half of the business and joint real estate that I got entangled with. There were already draft agreements. I reached out to Lior in a swift move, and he recommended updating the way I make the purchase, saving me hundreds of thousands of shekels in taxes (dividend tax and purchase tax).

I am a former resident of Israel, now living in Switzerland. Suddenly, I found out that the tax authority wanted money from me, as though I were still a resident of Israel. I reached out to Tior, who reassured me. We filed reports as a non-resident, explained the situation to them, and I even received refunds!

A true professional who knows the system inside out

A few years ago, the tax authorities demanded a high payment from me, which I felt they weren't entitled to, but I couldn't convince them to see it my way. I approached several accountants and bookkeepers who specialize in this particular area, but found no solution. Then I found CPA and attorney Provak, who asked for two days to look into the matter and came back with two sentences for me to write to the authorities. I did as instructed, and they backed down, and the tax demand vanished as if it never existed. Since then, I've been with him and only him. Highly recommended because I don't change a winning horse.

I hired his services to reduce capital gains tax. He agreed to work only on a success basis, a percentage of the refund. He got me back 90% of the tax I paid. Simply amazing!!!

Turns out he is a former tax authority employee. Additionally, he's also an accountant, which is a significant advantage. Provides quick and to-the-point service.