[TVMayor]

Originally Posted by NJblue

What I would do if trying to make a decision like this is scope out the worst case scenario - i.e., the IRS prevails on everything and the residents are forced to cough up all of the money. It was stated above that the IRS claims that it is due $354 million. Sounds like a crushing financial burden doesn't it? However, remember that TV is huge. We currently have roughly 100,000 residents which probably translates to 55-60,000 households. Let's assume 55,000. Taking the $354 million and allocating it to 55,000 households means that the worst case scenario is that each household would have to come up with $6,436. That's not an insignificant amount of money, but only you can determine if that amount is sufficient to keep you from buying into what TV has to offer. Note, however, that with increasing house prices, that $6,436 can easily be gobbled up with a year's worth of appreciation. You can wait this out and buy several years down the road, but almost certainly you will be paying a lot more for your house then than what you stand to lose because of this IRS stuff.

That's my opinion.

I was not a resident when the IRS violation took place, what part of the $6,436 would I be obligated to pay? Seeing the real estate company and the owner I dealt with did not disclose this to me will they have to pay? Seeing I did not contract with anyone in TV for $6,436 worth of anything will the IRS bill me direct? Seeing I did not commit the violation why would I be expected to participate in the financial punishment and possible have a lean put on my house and have it taken away for something I did not do?