by Jacob Stein | Aug 19, 2009 | Attorney Blogs, Blog
The IRS has announced today that UBS will reveal names of 4,450 American account holders. The actual names have not yet been released, and over the next few months these account holders will receive notices from UBS that their names will be disclosed to the IRS. The...
by Jacob Stein | Aug 3, 2009 | Attorney Blogs, Blog
Earlier this summer, the Ninth Circuit Court of Appeals released an opinion that sheds some light on the level of protection granted by the California exemption for private retirement plans. In Cunning v. Rucker, the debtor, to avoid having the creditor reach his...
by Jacob Stein | Jul 29, 2009 | Attorney Blogs, Blog
As Congress frantically looks for ways to pay for the various stimulus and other wasteful spending proposals, increasing estate and gift taxes seems like a natural solution. Although these two transfer taxes account for a small percentage of the government’s...
by Jacob Stein | Jun 5, 2009 | Attorney Blogs, Blog
On May 29 the Governor of Nevada approved Nevada Senate Bill 350 which creates a new type of limited liability companies and limited partnerships. For simplicity, we will focus on the LLCs only. These new LLCs are called “restricted” and the enabling...
by Jacob Stein | May 6, 2009 | Attorney Blogs, Blog
Every day more and more Swiss banks say “no” to US business. This year alone 7 Swiss banks that we regularly did business with told us that they will be kicking out all US clients and not accepting any new business. This alarming trend continues. Even...
by Jacob Stein | Mar 31, 2009 | Attorney Blogs, Blog
Several years ago the Justice Department subpoenaed names of Americans who had Visa and MasterCard accounts with offshore banks. The IRS then offered these taxpayers a choice, come forward voluntarily and we will waive criminal prosecution and some monetary penalties,...
