Quote:
Originally Posted by Taj44
It seem obvious to me that anyone associated with The Villages is going to give us the "vanilla version". They don't want to upset the applecart - they've got homes to sell, so they're going to make the issue seem as harmless as can be. Common sense tells me things could be worse than what The Villages is telling us. It might not be, but none of us can know for sure. My sense is, the IRS is after the Morse family for using a dodgy tax practice and wants to set a precident. I'm hoping that some time in the future, IRS and Morse will come to an agreement, he'll pay a fine, and all will be well. I can't imagine the IRS wants a situation where 70,000 retirees are going to get financially hammered. Certainly not good for their reputation. I think its Morse they are after. . But this is all speculation. We really have to sit and wait this one out. This is a link to a recent article on the subject. http://www.theledger.com/article/200...05066&tc=yahoo Here is another link which is an interview from a former employee of The Villages Daily Sun - kind of gives you a perspective on the Morse family: http://andrewblechman.blogspot.com/ |
It is also just possible that the IRS will have to go away like it did several years ago when they couldn't prove their case then. Just because they are the IRS doesn't necessarily mean that theyhave an automatic win. This has got to be a really complex situation or it would have already been resolved. Why not get back to the business of why we all came here in the first place and let all the legal-schmeleges take care of their business. Most of us have enough to worry about in these "changing" times without borrowing more.