Quote:
Originally Posted by mikeod
Apologies if this has been posted before. I have read the entire thread and don't recall seeing this.
If I understand it correctly, the crux of the IRS dispute is whether the central districts qualify as a political entity, i.e., they answer to the residents and are not controlled by the developer. Since the area involved is controlled by the VCCDD, does this unilateral action without prior notice not essentially prove the IRS right?
However, could we win the battle over the wall, but lose the war vis-a-vis the IRS?
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Good question Mike.
The key is to understand that Morse owns that little plot of land independently just like you or I could. As such, he can put up a fence in his back yard just as we could if we owned that property instead of him.
That too is why the VCCDD and any TV employees have been told to simply say they know nothing about it and it is on private property. Which is technically correct.
Of course, the fact that he clearly enhanced the property and allowed it to be used as paved and lighted golf cart path and that homes were sold by his various holding companies with this in place, may have many other legal ramifications. To be determined.