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, 03:56 PM
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Quote:
Originally Posted by poromo View Post
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.
Poromo:

You are right when you say that the issue is complex. However, it is not clear that it "must be dealt with in the near future."

The POA has been closely following developments and has summarized the publicly available information in its latest Bulletin. Reading that article is probably the best way for you to understand what is involved. Go to http://www.poa4us.org/ and click on "Current POA Bulletin".