Talk of The Villages Florida - View Single Post - R We Residents the 'Last to Know!'
Thread: R We Residents the 'Last to Know!'
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Old 08-30-2010, 02:50 AM
Taj44 Taj44 is offline
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Quote:
Originally Posted by JimJoe View Post
The IRS problem is not with the Morses. It is with the cdds that sold the bonds. I think the villagers should know where the money is coming from to pay the costs of litigation, especially if it is coming from them. Maybe there is a source other than the amenity fees. That would be great news.
The IRS battle is with the CDD's. According to the CDD website, the CDD's are funded by our amentity fees and annual assessments. The CDD has hired legal representation to fight the IRS. It seems pretty clear to me who is paying for this legal battle.