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GO Zone Benefits Ending in 2009!
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Sign Up For Feb.24 Web Event March 7 Tour Info
Click This Link From IRS Publications
Note The Following In The Above Web Page:
.02 Determination of Adjusted Basis Qualifying for the GO Zone Additional First Year Depreciation Deduction.
(1) Property described in § 1400N(d)(6)(B)(ii)(I) and section 4.01(4)(a) of this notice.
(a) In general. In the case of GO Zone extension property described in § 1400N(d)(6)(B)(ii)(I) and section 4.01(4)(a) of this notice (GO Zone extension real property), § 1400N(d)(6)(D) provides that the GO Zone additional first year depreciation deduction is available only for the adjusted basis of such property attributable to manufacture, construction, or production before January 1, 2010.
2009 GO Zone Tour & Web Event
Press Release: Madison, Alabama
GoZoneOnline.com
January 18th, 2009
Michael Zari, co-founder of GoZoneOnline.com announced today that they are beginning to get geared for some major activities in the GO Zone for 2009. Specifically, he announced that the first on-line web event will be hosted on Tuesday, February 24 at 9:00 PM Eastern.
GoZoneOnline.com will be introducing two subdivisions in the Biloxi/Gulfport area where they have secured bulk discounts for its GO Zone investors.
In addition, the GoZoneOnline.com team will be in the Biloxi/Gulfport area on Saturday, March 7 conducting a tour of these properties and the area. Signup sheets for both the web event and tour will be available soon Michael assured us but wanted people to go ahead and start making plans.
To get more information, please go to:
GO Zone Extension - 2010
There is still a lot of confusion about when does GO Zone benefits end, especially for real estate investors.
Bottom line is that in certain locations in Mississippi and Louisiana, you can claim bonus depreciation benefits through 2010. In Mississippi, the eligible counties are:
- River;
- Stone;
- Hancock;
- Harrison; &
- Jackson.
For Louisiana, there is a much longer list of parishes including:
- Calcasieu;
- Cameron;
- Orleans;
- Plaquemines;
- St. Bernard; and
- St. Tammany.
In Alabama, no addition counties will remain open for bonus depreciation or GO Zone benefits after 2008.
The American Institute of Certified Public Accountants has published a handy guide that really summarizes all the rules, dates and locations. Click here to get their PDF report.
Great Response To New Subdivisions
For late 2008 and early 2009, the GoZoneOnline.com team is working in two subdivisions in the Biloxi & Gulfport area. Both are excellent locations with top quality homes getting built.
Sign Up To Be Notified About Our Homes=>
One of the subsivisions is in a more urban setting in the northern part of Gulfport. In the same subdivision, we have also seen a flurry of recent non-investor sales because of a new first time home buyer program being offered by the city of Gulfport.
The second location is about 3 miles north. This subdivision is also very well done, all from the same builder, with almost all residential home owners at this point. To some, this subdivision may feel a little more rural but in reality, it is just a few miles from the heart of the commercial growth in Gulfport. In addition, we have had a recent flurry of activity with rentals in these type locations along with quality, brick homes.
If you want to be contacted about our properties, make sure you sign up above.
New GoZoneOnLine.com Home
Savanna Trails Sold Out
Because of overwhelming demand, our Ocean Springs property sold out quickly (in a matter of hours, actually). For those of you not familiar with how we operate, we suggest you visit this description.
The good news is that we are continuing to work with this builder in other locations throughout the Biloxi and Gulfport area! This way, we can accommodate many of your requests throughout 2009.
We do caution however that when a property or project does becomes available on GoZoneOnLine.com, it does not stay around for long. So, if you see something you like for your GO Zone portfolio, you may want to jump on it.
Dec. 2008 Tour A Success!
We are just getting back from our latest tour event in the Biloxi and Gulfport Mississippi area. Got a chance to meet some really nice people (both new and existing clients), tour all over the area looking at the impacts of Katrina, employment areas, shopping areas, and areas of future growth.
Sign Up To Be Notified For Our Next Event =>
We then visited several of our subdivisions and let everybody walk through the homes to get a real feel for the quality done by our builder.
We then ended up the tour with a low key, event in the IP Casino where everybody really got to let their hair down and talk. For some, they stayed for hours and we had a great time chatting and our clients had an opportunity to really pick our brains as well.
Want to see what investors like yourself think of our live GO Zone tours? Click here to find out how beneficial our tours are!
We hope to see you on our next tour event, which we expect in early March of 2009.