Quote:
Originally Posted by villagerjack
IRS recently ruled that the CDD paid LESS yes LESS tan the proprty was wrth.,
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I am afraid that you are mistaken about the IRS ruling, probably because of a misleading article that appeared in the Daily Sun. As confirmed by Janet Tutt at a POA meeting, the assertion that the CDD paid less than market value is NOT an IRS conclusion or ruling. It is merely an argument made by the CDD's attorney, which has not been agreed to by the IRS. I would you suggest that you read the article about the IRS in the following POA Bulletin:
http://www.poa4us.org/bulletins_file...etin201304.pdf