Talk of The Villages Florida - View Single Post - The Villages and the IRS. From Lauren Ritchie
Thread: The Villages and the IRS. From Lauren Ritchie
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Old 09-04-2010, 10:16 AM
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Originally Posted by JimJoe View Post
If they can't raise amenities or assessments and I think Janet is correct, then how would they pay it? The only thing I can think of is sell amenities or reduce the maintenance on them. Any ideas on this Lauren or gang?
And one more interesting question. Homeowners agree to pay the amenity fee of about $135 per month right? What amenities are guaranteed in exchange for that monthly fee? Can they be reduced or eliminated as they see fit? If true, that bothers me. Please clarify this for me. Thanks. JJ
Try reading the question and answer regarding the irs issue on page 6 & 7 of the link below. From my read of it some already have a direction in mind should this negatively impact the homeowners.
http://www.poa4us.org/bulletins_file...etin200912.pdf