Originally Posted by Muncle (Post 214490)

Okay, back to normal typing --- do you know anything about this? Do you know the pertinent IRS guidelines on the matter or case history of similar situations? Do you know what Florida Statutes Chapter 190 would have to say on the issue and what the case history in Circuit and Supreme Courts would be given a conflict between state law and the IRS? Do you know the financial situation of the VCCDD that would cause it to go into bankruptcy because of an unknown IRS finding?

I also did not comment of a meteor striking Spanish Springs or a giant gator invading a district meeting and eating all the directors. Based on available facts in this case, either is just as probable to happen as your scenario.

No one, not the IRS, not the VCCDD and it's lawyers, not Janet Tutt and TV management, not the Developer or his whole family, not even Lauren Ritchie or the POA can tell you what is going to happen.