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Originally Posted by ChattanoogaTn
This is a "PM" that I received today..... Still confused... 
Hey there, I am in the same boat you are, love the Villages and want to move there. But, my cousin is an IRS agent in Atlanta. He has read the reports and I can tell you what he told me. This is not an non issue as some of these people on this forum would have you believe. This is serious stuff and it's not going to go away. What happened 6 years ago has no bearing on what is going on now. The IRS does'nt take kindly to a CDD type of government issuing tax exempt bonds when they are not eligible to be exempt. Gary Morse, the developer had pulled some real shenanigans. The property appraisers by law in florida are supposed to be independent of the developer but Gary Morse hand picked his cronies as property appraisers so do you think it's possible the Villagers paid a little too much for their homes? You should read the articles by Lauren Ritchie. Go to www.orlandosentinel.com,,on the left side click on columnists,,,then click on Lauren Ritchie and read her articles about the Villages. A few of them came out about a month ago and just this past week. This IRS issue could drag on for a while with appeals if the IRS rules against the Villages. But for some people to say this is a non issue is sadly mis-informred |
You said a lot but really said nothing. All this has been said over and over.....it is all opinion. If you listen to the President of the POA and the response from TV in the Recreation News....it is too early to speculate. Why get all hyped up over something that is a long way from being concluded?