Quote:
Originally Posted by Dreamer61
First, i'm not asking for you to make a decision for me. I was accused of that last time I asked a question on this subject. To us this is a serious issue. We have a contract on a home in TV and are very excited about our purchase! I'm only asking if someone can explain to me what the worst case scenario could be with this ruling? I've read that the homeowners could be held responsible for the taxes. Which homeowners? Every homeowner in TV? Certain counties? I understand everyone is tired of this subject but for us new comers its needs to be discussed. So just asking....worst case scenario?? Thank you for your replies
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Worse case ; The developer ducks his moral responsibility in accordance the IRS ruling and We the Villagers have to pay that amount ruled ineligible.