http://www.maximumassetprotection.com/blog.html The weekly asset protection blog keeping you up to date on what's going on in the world of asset protection law and techniques. blog@maximumassetprotection.com (Jacob Stein, Esq.) Copyright (c)2008 Klueger & Stein, LLP - All Rights Reserved en-us http://www.maximumassetprotection.com/blogdetail.html?BlogID=2571 The economic woes that have already impacted so many businesses are a boon for those of us who practice in the area of asset protection. About one year ago the flood gates opened and mortgage bankers, mortgage brokers and real estate developers poured in. blog@maximumassetprotection.com (Jacob Stein, Esq.) Wed, 01 Oct 2008 11:51:16 GMT http://www.maximumassetprotection.com/blogdetail.html?BlogID=2571#comments http://www.maximumassetprotection.com/blogdetail.html?BlogID=2571 http://www.maximumassetprotection.com/blogdetail.html?BlogID=2570 The UBS scandal may have had a more profound impact on asset protection planning than previously suspected. blog@maximumassetprotection.com (Jacob Stein, Esq.) Mon, 18 Aug 2008 15:13:01 GMT http://www.maximumassetprotection.com/blogdetail.html?BlogID=2570#comments http://www.maximumassetprotection.com/blogdetail.html?BlogID=2570 http://www.maximumassetprotection.com/blogdetail.html?BlogID=2569 It always surprises Americans that the U.S. banks that they have all heard about so much are not necessarily the largest banks in the world. blog@maximumassetprotection.com (Jacob Stein, Esq.) Mon, 11 Aug 2008 15:44:08 GMT http://www.maximumassetprotection.com/blogdetail.html?BlogID=2569#comments http://www.maximumassetprotection.com/blogdetail.html?BlogID=2569 http://www.maximumassetprotection.com/blogdetail.html?BlogID=2568 Following the indictment of several UBS AG (Switzerland) employees, the Justice Department requested permission from federal court to have the Internal Revenue Service issue John Doe summons to UBS AG (the Swiss parent of UBS). The John Doe summons will instruct the Swiss bank to provide to the IRS information on all U.S. taxpayer who may have bank accounts with the bank in Switzerland. blog@maximumassetprotection.com (Jacob Stein, Esq.) Tue, 08 Jul 2008 11:34:15 GMT http://www.maximumassetprotection.com/blogdetail.html?BlogID=2568#comments http://www.maximumassetprotection.com/blogdetail.html?BlogID=2568 http://www.maximumassetprotection.com/blogdetail.html?BlogID=2567 A recent Wall Street Journal has an article entitled Property Investors Fear Gains-Tax Rise, Shift 1031 Strategy. blog@maximumassetprotection.com (Jacob Stein, Esq.) Sat, 31 May 2008 08:35:26 GMT http://www.maximumassetprotection.com/blogdetail.html?BlogID=2567#comments http://www.maximumassetprotection.com/blogdetail.html?BlogID=2567 http://www.maximumassetprotection.com/blogdetail.html?BlogID=2566 The State of New York has passed a new law scheduled to go into effect June 1, 2008, requiring internet retailers to collect sales taxes. The new law is expected to generate an additional $78 million of revenue per year for the state. Several other states, including California, are considering similar laws. blog@maximumassetprotection.com (Jacob Stein, Esq.) Sun, 18 May 2008 15:15:12 GMT http://www.maximumassetprotection.com/blogdetail.html?BlogID=2566#comments http://www.maximumassetprotection.com/blogdetail.html?BlogID=2566 http://www.maximumassetprotection.com/blogdetail.html?BlogID=2563 The big tax news this month was the Justice Department’s loss in the Wesley Snipes case. Snipes has been cleared of federal tax-fraud and conspiracy charges, but was convicted on three misdemeanor counts of failing to file a tax return. He now faces up-to three years in a prison for the misdemeanor convictions. blog@maximumassetprotection.com (Jacob Stein, Esq.) Wed, 07 May 2008 00:39:04 GMT http://www.maximumassetprotection.com/blogdetail.html?BlogID=2563#comments http://www.maximumassetprotection.com/blogdetail.html?BlogID=2563 http://www.maximumassetprotection.com/blogdetail.html?BlogID=2554 In response to Sen. McCain’s proposed tax plan an article in today’s Washington Post (McCain’s Plan for Working Class Offers Plenty for Corporate World) blasted the tax plan as pandering to corporations and businesses. The cry was picked up by several other publications as well. What is the proposed plan and does it amount to pandering? blog@maximumassetprotection.com (Jacob Stein, Esq.) Thu, 17 Apr 2008 11:43:36 GMT http://www.maximumassetprotection.com/blogdetail.html?BlogID=2554#comments http://www.maximumassetprotection.com/blogdetail.html?BlogID=2554 http://www.maximumassetprotection.com/blogdetail.html?BlogID=2553 Following the credit crunch of August 2007, the real estate market has experienced a significant decline. Many of our clients are heavily invested in real estate or are involved in various development projects. For them, the reality of the declining market means a lot more than an interesting headline. It means that their entire estate may be facing a risk of loss. Here is a real life example. blog@maximumassetprotection.com (Jacob Stein, Esq.) Thu, 20 Mar 2008 11:43:19 GMT http://www.maximumassetprotection.com/blogdetail.html?BlogID=2553#comments http://www.maximumassetprotection.com/blogdetail.html?BlogID=2553