Quote:
Originally Posted by Advogado
True. Hopefully, this factor convinces the IRS to address the issue of Community Development District bonds prospectively-- by issuing regulations to prevent FUTURE abuse, rather than to attack the bonds already issued. However, thus far, I have seen no indication that the IRS is going to take that approach.
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IRS is more interested in collecting their penalties. But as was quoted in that article some believe that this, potentially nationwide issue, will eventually be resolved by congress.