The amount that the developer was paid for the amenities he sold to the VCCDD is irrelevant at this point regarding this IRS matter. The Sentinel and other rags love to bring this up to stir the pot.
It was only used by the original IRS agent as one of many examples he used to show that the VCCDD did not qualify to be issuing tax-free Muni bonds. It will have no relevance on what the final assessment of what is owed the government for back taxes.
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Formerly EdVinMass
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