Thread: I.R.S. Rules Against The Villages
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Old 06-12-2013, 06:36 PM
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Quote:
Originally Posted by LndLocked View Post
Per a memo dated 6/12 Janet Tutt said the the IRS reviewed and changed it's earlier valuation and that TV landowners received a bargain.

http://www.districtgov.org/images/IR...%206.12.13.pdf
If you read that memo carefully, Ms. Tutt does not say that the IRS has agreed to the adjustments. I suspect that the matter is still not resolved, although I would be happy if it has been. Again, the only public document, of which I am aware, substantiating the "bargain" claim is the letter from the District's tax attorney to the IRS. I have seen no IRS reply to that letter. If one existed,it presumably would be on the districtgov.org website. Maybe somebody can ask Ms. Tutt about it at the POA meeting next week.