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I invite you to stop by Advogado. Anytime. |
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"Florida CDD Urges IRS End Audit After Review Shows It Didn't Overpay for Property The Internal Revenue Service's own appraisal valuations show the Village Center Community Development District in Florida did not overpay when purchasing four pieces of property with bond proceeds, according to the CDD's lawyer." [emphasis added] Bond Buyer Online - Florida CDD Urges IRS End Audit After Review Shows It Didn t Overpay for Property |
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Not adhering to internet safety is nothing to brag about. When one posts on a public blog , information adds up over time. You mention your name, that you live near a certain rec center. Two months later you mention a nearby street, 3 months later you mention your neighborhood, thinking its too large and couldn't possibly be unsafe to reveal this information. Any crazy stalker who reads your blogs can put these details together and figure out where you live and track you down.
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Oh well.
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The VCCDD receives all amenity funds north of 466. It was essentially a developer controlled enitiy whcih purchased properties from the developer using tax free bonds. The question from the IRS is pretty clear, is the VCCDD a governmental authority with the right to issue those bonds. amenity funds recevied are used to make payments on the issued bonds. The methodology used by the VCCDD to determine the value of the bonds included the purchase of a stream of funds from the amenities. the newspaper article indicates this approach was appropriate, however nowhere did I see that the IRS has concurred.
I love the lifestyle here, but that does not mean that the IRS is incorrect in questioning the approach. |
Exactly, Hadleyite. Everyone I know loves living here. That's not the problem. The big question was whether or not the IRS was correct in saying that the VCCDD does not act like a real governmental authority and does not have the right to issue the bonds.
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I don't really think there is a plethora of "crazy stalkers reading this blog or any others in The Villages trying to find out where people live to track them down!" Frankly, in many cases, all they would have to do is open the phone book! If you cannot play nice on TOTV, then please don't play at all. |
Frankly, I don't consider your post as "playing nice". In fact I find it rude and harrassing.
But as far as internet security, consider the following. Many of you folks have indicated where you live and even posted pictures of your home interior. Then you respond to someone's post regarding the cruise to Alaska on such and such a date. "Yes, we're going", etc. Why not just take out an ad in the Daily Sun and say "Hey, we're going to be gone on these dates, here is where we live, come on over and rob us". It has been well publicized that thieves and criminals peruse internet chat rooms looking for easy targets. I'm just suggesting that perhaps some might want to be a little more careful about what information they put out there. |
What was the topic again?
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