Quote:
Originally Posted by graciegirl
It isn't the bond paid on individual homes that is discussed here. That is not affected.
NO one can really say for sure what could would should happen to all of us homeowners if the IRS ruled in this or that way, but lots of folks try and it appears to me to be mostly speculation.
No one can concisely explain what the issue is and the IRS has been investigating it for five years now. Back then the Morses could have paid some fee but their lawyers, from what I have been told, felt to do so threatened the structure of the CDD operation. Now I could be wrong and I am frequently, but seems to me that if the Morses wanted to settle it with money they could and would.
This issue comes up for discussion about every four or five months here on TOTV and the same people take the same sides.
Lauren Ritchie a reporter/columnist/writer for the Orlando Sentinel has weighed in on this issue as well. It seems to me that THAT paper rarely says anything positive about the Morses. Wonder why?
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If they could make the problem go away with money, its obviously to their advantage to have it happen later than earlier. They get use of their money and the interest on it even that much longer. The Orlando paper is just doing what papers do - they find a story and report on it . The bottom line is the Morses knew the IRS frowned on the issue of the bonds, and they continued to issue more. I just hope that the residents aren't the ones that pay the price down the line.