Quote:
Originally Posted by Geewiz
The Morse family has made and continues to make a ton of cash out of TV. Granted, if they have to pay back taxes, it will hurt the bottom line. However, if they do anything to diminish their investment into the lifestyle here, they open themselves up to litigation hell as home buyers will be inundated with attorney offers...some possibly class action. This will add to their loss on the IRS ruling. Don't fret....they are smart and will challenge the IRS ruling in court and if they lose, they will accept the loss. Unless their greed defies logic and they want to take on 120,000 lawsuits.
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At this point in time, the developer has not spent any money to defend this issue with the IRS. The lawyer fees are being paid by the Central District CDD's which receive their funding from the homeowners' amenity fees. Therefore, it is the village homeowners who are paying for all costs involved in defending this issue.