[ChattanoogaTn]

Originally Posted by swrinfla

Without going into any great detail, let me just say this:

"This is a non-issue!"

The IRS questioned The Villages bond status 5-6 years ago and ws satisfied. Why they're questionning again is subject to a variety of interpretations, but the bottom line is:

"This is a non-issue!"

SWR

This is a "PM" that I received today..... Still confused...

Hey there, I am in the same boat you are, love the Villages and want to move there. But, my cousin is an IRS agent in Atlanta. He has read the reports and I can tell you what he told me. This is not an non issue as some of these people on this forum would have you believe. This is serious stuff and it's not going to go away. What happened 6 years ago has no bearing on what is going on now. The IRS does'nt take kindly to a CDD type of government issuing tax exempt bonds when they are not eligible to be exempt. Gary Morse, the developer had pulled some real shenanigans. The property appraisers by law in florida are supposed to be independent of the developer but Gary Morse hand picked his cronies as property appraisers so do you think it's possible the Villagers paid a little too much for their homes? You should read the articles by Lauren Ritchie. Go to www.orlandosentinel.com,,on the left side click on columnists,,,then click on Lauren Ritchie and read her articles about the Villages. A few of them came out about a month ago and just this past week. This IRS issue could drag on for a while with appeals if the IRS rules against the Villages. But for some people to say this is a non issue is sadly mis-informred

[Bogie Shooter]

Originally Posted by ChattanoogaTn

This is a "PM" that I received today..... Still confused...

Hey there, I am in the same boat you are, love the Villages and want to move there. But, my cousin is an IRS agent in Atlanta. He has read the reports and I can tell you what he told me. This is not an non issue as some of these people on this forum would have you believe. This is serious stuff and it's not going to go away. What happened 6 years ago has no bearing on what is going on now. The IRS does'nt take kindly to a CDD type of government issuing tax exempt bonds when they are not eligible to be exempt. Gary Morse, the developer had pulled some real shenanigans. The property appraisers by law in florida are supposed to be independent of the developer but Gary Morse hand picked his cronies as property appraisers so do you think it's possible the Villagers paid a little too much for their homes? You should read the articles by Lauren Ritchie. Go to www.orlandosentinel.com,,on the left side click on columnists,,,then click on Lauren Ritchie and read her articles about the Villages. A few of them came out about a month ago and just this past week. This IRS issue could drag on for a while with appeals if the IRS rules against the Villages. But for some people to say this is a non issue is sadly mis-informred

You said a lot but really said nothing. All this has been said over and over.....it is all opinion. If you listen to the President of the POA and the response from TV in the Recreation News....it is too early to speculate. Why get all hyped up over something that is a long way from being concluded?

[Russ_Boston]

Originally Posted by ChattanoogaTn

This is a "PM" that I received today..... Still confused...

Hey there, I am in the same boat you are, love the Villages and want to move there. But, my cousin is an IRS agent in Atlanta. He has read the reports and I can tell you what he told me. This is not an non issue as some of these people on this forum would have you believe. This is serious stuff and it's not going to go away. What happened 6 years ago has no bearing on what is going on now. The IRS does'nt take kindly to a CDD type of government issuing tax exempt bonds when they are not eligible to be exempt. Gary Morse, the developer had pulled some real shenanigans. The property appraisers by law in florida are supposed to be independent of the developer but Gary Morse hand picked his cronies as property appraisers so do you think it's possible the Villagers paid a little too much for their homes? You should read the articles by Lauren Ritchie. Go to www.orlandosentinel.com,,on the left side click on columnists,,,then click on Lauren Ritchie and read her articles about the Villages. A few of them came out about a month ago and just this past week. This IRS issue could drag on for a while with appeals if the IRS rules against the Villages. But for some people to say this is a non issue is sadly mis-informred

If they read this forum at all they know that everyone is well aware of Ms. Ritchie's columns and in fact she has written her own posts on TOTV. Personally I'm a couple of years off so I guess I can wait out the ruling and decide from there. But I think the state of FLA has too much vested interest in the way that these districts are set up to upset the apple cart at this point.