[villages07]

Many other Florida communities are governed by CDDs and insitute bonds to pay for initial infrastructure. Are the issues Ms Ritchie raised about the IRS "audit" and federal tax deductibility of the bonds the same for these other communities? What's also a little muddled is whether the IRS is looking at both types of bonds.... the initial infrastrucutre bonds and the susequent Center CDD recreation bonds used to purchase amenities....or just the recreation bonds. I agree with Peachie....this all sounds a lot like the author's opinion and not pure facts...I'd rather hear directly from the IRS what they are investigating.