Quote:
Originally Posted by Bonanza
Yes, the attorney has been paid our of our amenity fee.
While there has not been any special assessment, make no mistake, it is directly out of our pocket.
We, the residents, are the ones who pay the assessments.
While there may be a cap on an annual increase, exactly what is your opinion
as to where the millions for the IRS fine is going to come from???
This nonsense has been going on since 2008.
The history of the "go 'round" is nothing more than one postponement after another,
each with nothing more than double talk that has gone nowhere.
With each passing day, the fine increases.
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The interest on Municipal bonds is not usually taxed. We are a CDD form of government, a huge complex that has no outside funding. Unusual but very successful way to do things as we all can see. Our lawyers, hired by the developers, may hold this in limbo for years to come.
It is NOT an issue of somebody doing something wrong, it is an issue of how the IRS interprets it.
http://en.wikipedia.org/wiki/Municipal_bond