Talk of The Villages Florida - View Single Post - Latest Development in the IRS Tax-Exempt-Bond Investigation
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Old 08-03-2011, 12:10 AM
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Default Understand adn confused over this.

And so are about a zillion other people. I read the Article in the Orlando Paper. http://www.orlandosentinel.com/news/...1664810.column

Daaaaaa I'm still confused. Probably time for Admin to shut this mess down put it all to rest untill someone can research and POST the facts not feelings. Sorta like this- Lets see

1: We were audited
(Internal Revenue Service agent conducting the review of $355.4 million in outstanding bonds issued by the Village Center and the Sumter Landing community development )

2: IRS made Village mad

3: Village made IRS mad
Villagers have paid mucho money out of thir dues for legal fees to make IRS even Madder! (And it touched off a new set of skirmishes in what has become an expensive battle — already $209,000 spent in mostly lawyer fees)

5: We Post on and on for years and no one figures it out anyway.

(So, there you have it. Nobody's position has changed much, and the dispute is just humming along through the system.

Millions of dollars are still at stake, and the future for homeowners in The Villages is no more clear when this investigation started several years ago.)

This is starting to feel like a huge financial mess. And TV are right now paying for all the legal battles out of their pockets not the ones who started this mess.