Great news for our long time (and our new) GO Zone investors! The absolutely outstanding benefits that we have all enjoyed since December 2005 will continue in 2011 because of the GO Zone extension included in the middle class tax bill signed by President Obama in December 2010. Congress initiated the Gulf Opportunity Zone, or GO Zone, tax breaks to help the Gulf Coast recover from 2005’s Hurricane Katrina. Some lawmakers said the benefits need to be extended further in light of the massive oil spill that struck the Gulf in the summer of 2010. These lawmakers simply did not want to pull the rug out from under the coastal region again. One of the outcomes of this law is that real estate investors will be able to claim a 50% bonus depreciation on any new built, residential rental property constructed before December 31, 2011. We have had clients that have literally written off over a half million dollars in federal income taxes by using this law. And to boot, they also have outstanding properties that will serve them well now and in the future. |
With well over 100,000 visitors to our web site, and conducting numerous tours, live events, phone conferences and the like, we have learned a lot about where most GO Zone investors (new or experienced) need help. Please use the below resources to help guide you along your path to creating tremendous tax benefits via bonus depreciation. or contact us today for immediate help.
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