Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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#47
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#48
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I'm not nearly as "up to speed" on this subject as others are, but didn't the developer's attorney mention that they were looking at some sort of settlement with the IRS? Just my opinion but the developer flinched and now the IRS smells "blood in the water". The IRS is probably not going to let go until they get some money. How much is anybody's guess.
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Mike W Racine, WI Elk River, MN not there yet, but we're working on it - The Villages, FL |
#49
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That's funny. Sounds like a good guess. |
#50
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Mr. Plumber. Some folks here just wait to cheer if anything goes against the developer.
I am not one of those people. If the IRS hurts the developer, it hurts all of us. And I don't work for the developer. I am just a huge fan.
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It is better to laugh than to cry. |
#51
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Last edited by dirtbanker; 02-03-2015 at 07:38 AM. Reason: one too many s |
#52
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#53
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#54
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Yes Graciegirl some people do like to complain. Unfortunately (or maybe fortunately) we don't have the inside information regarding this issue. But I suspect negotiating with the IRS is like wrestling with a pig - the more you do it, the more you realize they like it. I can see both sides whether somebody likes or dislikes The Developer, but the bottom line is to the best of my knowledge there is nothing like The Villages in the United States. So despite some of my concerns about The Developer, the first chance I get I'm buying a home in The Villages and moving down here, and every time I think I may have a complaint I'm going to remember the snow and the sub-zero temps that I left in Minnesota. Hmmm I can't wait!
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Mike W Racine, WI Elk River, MN not there yet, but we're working on it - The Villages, FL |
#55
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Yes, I don't see the residents cheering about the IRS issues, particularly when it could have a huge effect on where their amenity fees go.
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#56
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VCDD Amenity Authority Committee - AAC I don’t know if these payments are all inclusive for all Village entities. |
#57
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#58
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Interesting reading, thanks for posting.
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Barefoot At Last No act of kindness, no matter how small, is ever wasted. Saving one dog will not change the world, but surely for that one dog, the world will change forever. |
#59
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We don't have access to all the facts, and I don't feel qualified to express any view regarding the merits of the IRS's position on the Villages Center District bonds. However, the IRS is not picking on the Developer here. The Developer adopted a very aggressive tax strategy, when he used the tax exempt bonds the way he did, and now is having to defend his actions. From the perspective of us Villagers, it behooves us to keep an eye on the matter to try to ensure that the Developer does not enter into any kind of a settlement or other resolution that jeopardizes our rights to the amenity system and to take legal action if he does. In fact, from our perspective, it would be nice if the Developer is merely prohibited from further using tax exempt bonds to fund the Center Districts' purchase of amenity facilities. |
#60
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But I expect the Developer, and every other merchant with whom I deal, to carry out his contractual obligations to me and his other customers. Furthermore, I don't think I have seen any posts in which the contributor is cheering for the IRS to win and hurt the Developer or the Center Districts. However, if the IRS does win, it should be the Developer, not Villagers, who bears the resulting cost. The question of many people like myself, who have spent some time familiarizing ourselves with this matter, is What exactly happens if the IRS does win? If you have an answer to that question, I would like to see it. If we had an independent newspaper here, that question is something that their staff would have long ago analyzed and discussed in print. As it is, we have to rely on our own digging around and on the POA and its volunteers to keep us apprised via their Bulletin. |
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