Month: July 2021
FATCA and FBAR: Understanding U.S. tax reporting on foreign accounts
Government efforts to crackdown on offshore tax evasion has resulted in more paperwork and tax filings for American citizens and green card holders who maintain foreign financial accounts. FBAR has been in place since the 1970s. It is basically a form requiring individuals to self-report financial assets held in foreign bank and foreign investment accounts. […]
CanAm Announces One Willoughby Square’s Grand Opening
CanAm Enterprises (CanAm) is thrilled to announce that One Willoughby Square has officially opened. CanAm funded two separate mezzanine loans totaling $90 million to fund the development of the project. One Willoughby Square is the tallest office building in Downtown Brooklyn and the first constructed since the area was rezoned in 2004 under the Bloomberg […]