Truly, this could go on between the IRS and TV for quite a while. Yet the real question that has to be answered is: does the quasi form of government here with the CDD's constitute a legally recognized government that can issue bonds in the first place. Once that is decided then I predict a fairly quick settlement one way or the other. It just seems a little strange to me that this way of holding out certain thousands of dollars which can be traced back to infrastructer development is not tied directly to the price of each home as opposed to paying off this amount over the years as a bond or at closing, or once every year when the opportunity presents itself. If our CDD's are a recognized taxing authority then the problem fades away, if not then the IRS could very easily prosecute and most likely win.
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