Concerned About IRS Decision
Hello -
We have visited friends and previewed pre-owned homes in TV earlier this month and look forward to being part of your outstanding community.
As a result of an IRS audit, I am concerned about the $355M assessment against the CDD's, the effect to amenity fee revenues, and the potential to end the issuance of tax-exempt bonds. It is my understanding that the recreation centers and golf courses have been financed through the use of the tax-exempt bonds. I only want to exercise some due diligence before we purchase a home.
I understand Governor Scott ordered an investigation of the state's special districts with an expected result in January of 2014.
Does anyone have any thoughts on this matter? We look forward to another visit to TV.
Thank you
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