Talk of The Villages Florida - View Single Post - Latest Development in the IRS Tax-Exempt-Bond Investigation
Thread: Latest Development in the IRS Tax-Exempt-Bond Investigation
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Old 07-28-2011, 03:00 PM
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JimJoe JimJoe is offline
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Quote:
Originally Posted by Bogie Shooter View Post
The article is not on line at this time.
Can you are someone else summarize what the article says?

From what I gather, it is a filing a by the IRS that states why the sale price of the property from the developer to the district was too high and thus disqualifies the bonds from being municipal tax free bonds.. and the article responds to the filing by stating the reasons they believe the IRS is incorrect? Am I right so far? Thanks for your help.