Talk of The Villages Florida - View Single Post - IRS Notice of Proposed issue
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Old 01-27-2015, 12:13 PM
janmcn janmcn is offline
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Quote:
Originally Posted by Mikeod View Post
Looks like nothing's changed. IRS saying the VCCDD is not a government entity so the bonds should not be tax-free and the district keeps saying they are deemed a government entity per the FL law that established CDDs statewide.

I wonder how long this "Yes we are!" "No you're not!" can go on before it gets to tax court for, hopefully, a final disposition.

As long as residents provide enough amenity fee dollars to pay the developer's attorney and protect his bottom line. Already, close to one million dollars has been paid to Attorney Israel.