technorati
July 28, 2008
What Does Active Really Mean? Two tax traps
July 16, 2008
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 but contains two traps for the unwary. Read more
1031 Exchange from a GO Zone property to a non-GO Zone property without the recapture of the bonus depreciation?
July 16, 2008
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 form a GO Zone property to a non-GO Zone property would be allowed.
In my opinion, this position was (at best) aggressive. Read more
1031 Exchange from one GO Zone property to another without the recapture of the bonus depreciation?
July 16, 2008
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 via the deferral of gain and (2) Exiting from real estate investments to a cash position at a future point.
IRC 1031-type exchanges have been a strong tax tool over an extended period of time and it is only logical taxpayers would not like to see it’s use limited to specific geographical areas or the deferral benefits of gain restricted to only a portion of the total gain.
However, this is exactly the position the legislations seem to take and certainly the position which governs most of the IRS’s direction. Read more
What are the benefits for GO Zone Real Estate Investing?
July 16, 2008
The material benefits of the GO Zone for real estate investing are: Read more
The MDA Small Rental Assistance Program Pushes Through 1st Round
July 4, 2008
Finally! The first round of the Mississippi Small Rental Assistance Program (SRAP) apps were due in last November, and after 7 months of back and forth from all the government entities involved, the first checks have started to get disbursed. Read more
