Talk of The Villages Florida - View Single Post - I.R.S. Rules Against The Villages
Thread: I.R.S. Rules Against The Villages
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Old 06-08-2013, 01:26 PM
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Quote:
Originally Posted by jimbo2012 View Post
I think this issue has a long time to work its way thru the process of options for them.

But assuming for a moment the ruling stands what does it it mean in $$ to each homeowner here?
No one, and I mean no one, really knows. There are so many players in this game besides the homeowners. Bond holders, lawyers, certifying agents, central districts, developer, IRS. Unfortunately, there is no direct voice for the homeowner involved.

IMHO, there is also no DIRECT liability for the homeowners. But central district funds are being expended in this fight and a loss for the central districts could threaten the amenities we enjoy. I'm glad we have the POA watching the progress of this dispute because I'm not confident the VHA or Sun will give us unfiltered news.