Friday, October 31st, 2014

Long Term Workforce Housing

Long Term Workforce Housing

WARNING:  We have had numerous complaints about developers in Mississippi for not honoring and performing on contractual agreements with buyers, clients, contractors or vendors.  If you have questions about a developers reputation... 

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GO Zone Newsletter 11/22

GO Zone Newsletter 11/22

Dear GO Zone Gateway members, We have had a very busy few weeks since the second round of the Small Rental Assistance Program (SRAP) opened up on October 15th. To all the members that have moved forward we want to personally take... 

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GO Zone Newsletter 10/13

GO Zone Newsletter 10/13

The following is a copy of the newsletter that we sent out on October 13, 2008. With the lack of positive news in the credit markets, turmoil in the stock markets, and government bailouts for Wall Street, the average investor... 

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Increased Section 179 Expensing

Increased Section 179 Expensing

Under IRS Code Section 179, a taxpayer may elect in 2006 to expense up to $108,000 of the cost of qualifying property placed in service for the taxable year. Qualifying property under Section 179 is generally personal property... 

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Gorham Bypass is set to open in mid-December 2008

Gorham Bypass is set to open in mid-December 2008

After more than 50 long years since city officials first started talking about it, the new Gorham Bypass is set to open in mid-December 2008 according to the Maine Department of Transportation. Amazingly, the project will finish... 

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What Does Active Really Mean? Two tax traps

What Does Active Really Mean? Two tax traps

The following article was written by our GO Zone tax advisor. In my opinion, the requirement for the GO Zone property to be own by someone who is active in a trade or business creates an overall potential for investor benefit... 

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1031 Exchange from a GO Zone property to a non-GO Zone property without the recapture of the bonus depreciation?

1031 Exchange from a GO Zone property to a non-GO Zone property without the recapture of the bonus depreciation?

The folllowing article was written by our GO Zone tax advisor. My answer to this question…No! In December of 2007, there were positions offered in tax literature that stated an IRC 1031-exchange from a GO Zone property to a... 

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1031 Exchange from one GO Zone property to another without the recapture of the bonus depreciation?

1031 Exchange from one GO Zone property to another without the recapture of the bonus depreciation?

The following article was written by our GO Zone tax advisor. The appropriate use of IRC 1031-type exchanges is a legitimate tax concern as it can materially effect the economics of (1) Developing a portfolio of real estate investments... 

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What are the benefits for GO Zone Real Estate Investing?

What are the benefits for GO Zone Real Estate Investing?

The material benefits of the GO Zone for real estate investing are: 1. Additional first-year bonus depreciation of 50% (fifty percent). 2. Increase in expensing of machinery, equipment and (in some cases) software bought for use... 

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What Properties Do Not Qualify for GO Zone Tax Treatment?

What Properties Do Not Qualify for GO Zone Tax Treatment?

The following properties do not generally qualify for GO Zone tax treatment: 1. Private or commercial golf course 2. Country Club 3. Massage Parlor 4. Hot tub facility 5. Suntan facility 6. Property where the principal sale... 

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