Talk of The Villages Florida - View Single Post - Planning for the unexpected
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Old 08-26-2014, 01:14 AM
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Bonanza Bonanza is offline
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The thing that may end up hurting and costing all TV residents is the result of the IRS decision regarding whether or not Morse's bonds are tax free.

I cannot see this as going in his favor because no other bonds of this type are tax-free anywhere. We've already paid over $700,000 to his attorney which did not come out of his pocket; it came out of ours and we had no say in this matter.

When IRS levies their fine which is purported to be a few million, I'm sure the CDD will do the same thing: charge it to the residents, not Morse.
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