Talk of The Villages Florida - View Single Post - Latest Development in the IRS Tax-Exempt-Bond Investigation
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Old 07-28-2011, 02:30 PM
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Quote:
Originally Posted by Bogie Shooter View Post
When dealing with the IRS, their writings are usually incomprehensible to most citizens. How can you jump to the conclusion that the Daily Sun wrote the article, in an intentionally ambiguous way, to confuse the reader?
On the contrary, the IRS was quite clear when explaining the method used to determine income flow of the amenities, as well as the methods for appraising the buildings purchased by the VCCD when it wrote its Proposed Notice of Issues in 2009. These accounting methods were the basis for the amount of bonds purchased by the VCCD and one of the IRS arguing points. I doubt the Daily Sun, Village Voice or POA will expound on this topic...but then I could be wrong?