Quote:
Originally Posted by JimJoe
It should never have happened. Who ever sold the bonds should have obtained a private letter ruling and determination BEFORE the bonds were sold. That being said, the people of TV had nothing to do with this. The government should drop all claims before now and issue a ruling on future bonds.. PERIOD! Come on.. be fair!!
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Totally agree, who sells bonds without first knowing the tax ramifications??The people of TV had nothing to do with this,BUT in the end, they will pay the cost of any IRS decision, it certainly won't be the developers. Also.................. I don't believe the word "Fair" is part of the IRS vocabulary.