A Florida home that originally listed for $60 million has sold for $47 million, potentially a record for a single-family house in Miami-Dade County.
The home, in Indian Creek Village, had been on the market since early 2011, when construction was still being completed. The asking price was reduced to $52 million this year.
The identity of the buyer, a foreigner who purchased the home in the name of a U.S.-based limited-liability [...]
A reminder from a friend…
Form 8938 to be Attached to 2011 Income Tax Returns Due This Year
The Foreign Account Tax Compliance Act (“FATCA”) became law almost two years ago. Some of its provisions became effective upon enactment, but a few key provisions were phased in. One of the delayed provisions that is effective for returns due in 2012 requires individuals to report annually their interests in foreign financial accounts and foreign [...]
By Jeremy Redmon and Aaron Gould Sheinin
The Atlanta Journal-Constitution
CALHOUN — While U.S. Rep. Tom Graves was calling for fiscal responsibility in Washington his attorney was arguing in a lawsuit that a North Georgia bank is at fault for issuing Graves a $2.2 million loan the bank knew he could not repay.
Graves was fighting a lawsuit along with business partner Chip Rogers, the state Senate majority [...]