Quote:
Originally Posted by Advogado
In a nutshell, the IRS is sticking with its initial determination that the VCCDD is not a political subdivision authorized to issue tax-exempt bonds. For more detailed information, you can read the summary on page 3 of the November Property Owners' Association Bulletin.
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The actual IRS document stating their continued position can be read at this link:
http://www.districtgov.org/images/IR...-IRSUpdate.pdf
Janet Tutt has indicated in her memo which is included in this link that there are "factual errors" in the IRS document and they are "considering" the submittal of a brief response to "clarify the facts".
Only time shall tell what the ultimate outcome will be, but Advogado is only updating us on the latest progress. No need to be upset with the messenger and if you're not interested in being updated, no need to click on this post.