Talk of The Villages Florida - View Single Post - IRS and VCDD Bonds
Thread: IRS and VCDD Bonds
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Old 09-09-2009, 12:41 PM
poromo poromo is offline
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Default IRS and VCDD Bonds
How, if at all, will the IRS review of the VCDD tax free bonds affect individual villagers? It appears there was an offer of a settlement by the IRS of $435 million which would equate to about $6,000 per household.

Could villagers be required to pay this amount or as an alternative could villagers make the amenities (executive courses, recreation centers, pools etc) open to the public?

This issue appears to be very complex and must be dealt with in the near future.