Go Zone Web Site Shows Investors How To Save Thousands In Taxes
GoZoneOnline.com launches a new go zone training video to help both investors and their tax advisors understand the tremendous potential of bonus depreciation. Using gozone benefits, many investors are deferring 10's to 100's of thousands of dollars of taxes while helping hurricane Katrina impacted areas.
Huntsville, AL (PRWEB) October 19, 2006 -- GetPreconstructionDeals.com announced today that it has spun off a sister website dedicated to real estate investing in the Gulf Opportunity Zone (Go Zone). Specifically, this web site is dedicated to help real estate investors understand the 50% bonus depreciation that is available to them when investing in the hurricane Katrina impacted areas of Mississippi, Alabama, and Louisiana.
Michael Zari, one of the four cofounders of this group, was quoted as saying that "real estate investors just don’t understand that by investing in quality projects in the Go Zone, they can potentially reduce their tax liability by hundreds of thousands of dollars". "While the IRS and other Government resources are trying to publicize the gozone to spur development, they have made it very complicated to understand." Michael went on to say that 90% of their effort in developing this new web resource has been in finding, digesting, and simplifying the wealth of information about Bonus Depreciation
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Business - Podcast Date: Wed, 18 Oct 2006 15:58:08 -0700
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