Quote:
Originally Posted by PennBF
I was going to disregard the note but felt some response was called for. You are right, your volunteering is none of my business however when you attack others who are volunteering then a response is called for. Your point that the IRS investigated the bonds in 2003 and "found no problems" is factually incorrect. They accepted the results of their investigation but left the door open for future reviews and audits which are going on now.. Your indication that the IRS to date only asked for comments is factually incorrect. In fact they made an offering settlement which was rejected by The Villages and as a result the IRS has expanded their investigation into additional years. Your point that the IRS is in a preliminary stage is correct. But the quesiton is how far into the prelimary stage? You are absolutely right to say it is much to early to speculate as to the outcome. The question is does that mean not to follow the progress but rather wait for an answer without preparation for what it might/could be? Your point that the Villagers should stay informed is without question correct. The question is how do they do that? I believe the POA article ONLY gave the chronology of the history of the IRS actions/responses. It did not suggest being alarmed nor give a projected conclusion. I will not get into addressing volunteering, etc. since that is really non productive and as you say is only the business of the volunteer.
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Once again, you're blowing smoke.
MY points that you so cleverly rebut are not
MY points, but those of Joe Gorman, the president of the POA. Please read before you comment.
But you are oh so correct in that it would be wonderful to "follow the progress" but how, exactly, does one do that. This is a case that is being discussed and negotiated behind closed door, as it should be, not in the newspapers. Are you privy to the plans of the IRS or to those of TV's attorneys?