Talk of The Villages Florida - View Single Post - IRS review of The Villages operation
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Old 07-01-2015, 05:23 PM
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Quote:
Originally Posted by graciegirl View Post
Just to clarify. The developers have always paid their income tax. The whole issue of how a CDD functions is under question by the IRS. It certainly works here and the lawyers who are protecting this way of government here are protecting this good and unusual place for all of us who live here.


There are the same people who LEAP on anything that could appear negative toward the developer, and others, like ME who always defend them.

We G's haven't seen anything yet to make us think otherwise..

And we are not connected to the Morse's in ANY way, just huge fans of this place and the ethical people who created it and run it.


I have not lost one second of sleep over this issue.
1. I don't worry over, what I cannot control.
2. I always thought it was, "much ado about nothing". And I was right!!!

The Village Voice had an article explaining this issue and basically said the IRS, made an incorrect determination. The only sad thing, is the cost of fighting this issue.

Power in the hands of the power hungry, is not a good thing.

I wonder what Lauren Richie has to say now!!! Stay tuned!!!
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