Thursday, March 30th, 2017

Long Term Workforce Housing

September 9, 2009 by admin  
Filed under Articles

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 or have had issues with your developer please contact us to report or to see if class action suit participation may be available. [...]

Modus Real Estate in Denver

February 11, 2009 by admin  
Filed under Articles, Featured, GO Zone news

Ahoy GO Zone Gateway fans,
Many of you have reached out to us wondering what happened to us.  The original founding members of this site moved on in 2010 to other things.  Namely starting a real estate brokerage in Denver called Modus Real Estate.
Modus Real Estate is a traditional real estate brokerage that helps buyers and sellers [...]

GO Zone Newsletter 11/22

November 22, 2008 by admin  
Filed under Articles

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 a minute and thank you for your support and patience, we know how excited [...]

GO Zone Newsletter 10/13

October 12, 2008 by admin  
Filed under Articles

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 has taken it on the chin. With the government handing out money to Wall Street CEOs [...]

Increased Section 179 Expensing

August 1, 2008 by admin  
Filed under Articles

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 (new and used) acquired or purchased for use in a trade or business. The $108,000 amount is [...]

Gorham Bypass is set to open in mid-December 2008

July 30, 2008 by admin  
Filed under Articles

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 6 months ahead of schedule.  Approximately 7,200 vehicles are expected to use the 3.4 mile road on a daily [...]

What Does Active Really Mean? Two tax traps

July 16, 2008 by admin  
Filed under Articles

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.
Let’s go back to another section of 2006-77:
SECTION 3. [...]

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

July 16, 2008 by admin  
Filed under Articles

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 non-GO Zone property would be allowed.
In my opinion, this position was (at best) aggressive.

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

July 16, 2008 by admin  
Filed under Articles

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 [...]

What are the benefits for GO Zone Real Estate Investing?

July 16, 2008 by admin  
Filed under Articles

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 in a business from $105,000 to $205,000 and raised the phase-out level from
$420,000 to $1,020,000
3. Extension of net operating loss carryback to [...]

Next Page »