IRS Investigation - tax-free bonds
The IRS has been investigating TV regarding the issuance of tax-free bonds to pay for infrastructure. The situation was discussed extensively on the internet and in newspapers.
The financial impact from a negative settlement on residents would be the main issue that would deter us from moving to TV. For some reason, there has been no discussion or news published about the situation for almost a year. Does anyone know if the issue has been settled or can advise on its current status? Thank you. |
Oh Boy!!!!! :boom:
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IRS investigation
As far as I know there is no news. We are still all waiting for the outcome.
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Xavier |
We live fulltime in The Villages, and it is a concern of ours. If the decision were to go against The Villages, and the bonds were required to be re-issued as taxable bonds, I think it could prove quite costly to Villagers. There are those who disagree with me. We really don't have a handle on what the impact will be to the residents. In any event, it has kept us from upgrading our house. I look at a house as an investment, and if I'm not sure I can get the bulk of my money back, I'm not going to put a lot of money into a home.
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We are on, what, the third agent working on this issue? The lead agents seem to get promoted off the case.
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Looking at a house as an investment is a mistake.....ala 2008-2009.
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Peace and Love
Gee. Didn't think I would start all this "Binging" and "Booming." So sorry if I hit a sore spot.
We were just trying to gather enough info to avoid making a retirement mistake. I respectfully suggest that we just let this baby go back to sleep...... ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ |
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IRS Bond Issue
Taj44 I happen agree with you. This issue is much more than whether the bonds should have been tax free. Friend or foe you won't get a straight answer from anyone around here. Someone mentioned on another thread to read Leisureville for some insight regarding TV which is good advice before you buy here. The author stayed with neighbors who had moved down here and invited him down. I met these folks once when playing golf. I wonder if they still live here? I pray it all works out well for all of us.
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Xavier |
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