Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Latest Development in the IRS Tax-Exempt-Bond Investigation (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/latest-development-irs-tax-exempt-bond-investigation-40713/)

mrsanborn 10-17-2011 08:11 AM
Quote:
Originally Posted by villagegolfer (Post 407076)
I will let you and others do it for me. My time on this earth is short and I will not spend it worrying needlessly. If this country does not straighten out, all this IRS BS will be moot anyways.
I agree

graciegirl 10-17-2011 08:26 AM
Quote:
Originally Posted by mrsanborn (Post 407145)
I agree

et moi aussi.

Bill-n-Brillo 10-17-2011 08:33 AM
Quote:
Originally Posted by graciegirl (Post 407153)
et moi aussi.
No hablo. :1rotfl:

Bill :)

swimdawg 10-17-2011 08:49 AM
Quote:
Originally Posted by bill-n-brillo (Post 407158)
no hablo. :1rotfl:

Bill :)
現在你是什麼人談？我覺得那裡是胡扯下去。我明白德爾韋伯國際空間站特價銷售。我只說。

Larry Wilson 10-17-2011 09:54 AM
Quote:
Originally Posted by Taj44 (Post 407101)
I feel really fortunate that we have the POA to give us a straight line on the IRS investigation. And also I am not "worrying needlessly" -- I just don't like to be taken advantage of or not be given all the information relative to our situation. I have money invested in housing in TV, and if my lifestyle here is threatened (which could be the case if the IRS lawsuit prevails), I want to be up on all the facts, not just a few select items that the VHA or developer decides they want us to know.
So true. Years of serving on boards and committees has shown me that the people who do nothing are part of the problem. I always told my employees you are either part of the solution or part of the problem.
It takes many hours to make this place work. There are hundreds of volunteers and we are working to make this a better community. Staying informed is not the same as worrying.

Advogado 11-03-2011 01:38 PM
More bad news
 
In a nutshell, the IRS is sticking with its initial determination that the VCCDD is not a political subdivision authorized to issue tax-exempt bonds. For more detailed information, you can read the summary on page 3 of the November Property Owners' Association Bulletin.

We still have not received any assurance from the Developer that a negative outcome will not affect the continuation of our amenities. (If you haven't been following the matter, the risk to Villagers, put simply, is that the imposition of a huge tax cost on the VCCDD will make it financially impossible for the VCCDD to continue to furnish our amenities.)

graciegirl 11-03-2011 04:20 PM
Quote:
Originally Posted by Advogado (Post 413993)
In a nutshell, the IRS is sticking with its initial determination that the VCCDD is not a political subdivision authorized to issue tax-exempt bonds. For more detailed information, you can read the summary on page 3 of the November Property Owners' Association Bulletin.

We still have not received any assurance from the Developer that a negative outcome will not affect the continuation of our amenities. (If you haven't been following the matter, the risk to Villagers, put simply, is that the imposition of a huge tax cost on the VCCDD will make it financially impossible for the VCCDD to continue to furnish our amenities.)

Don't say anything Gracie.
Don't say anything Gracie.
Count to 100.

Posh 08 11-03-2011 04:48 PM
Hmmmm, just hmmmm.

English Ivy 11-03-2011 05:00 PM
Quote:
Originally Posted by Advogado (Post 413993)
In a nutshell, the IRS is sticking with its initial determination that the VCCDD is not a political subdivision authorized to issue tax-exempt bonds. For more detailed information, you can read the summary on page 3 of the November Property Owners' Association Bulletin.
The actual IRS document stating their continued position can be read at this link:

http://www.districtgov.org/images/IR...-IRSUpdate.pdf

Janet Tutt has indicated in her memo which is included in this link that there are "factual errors" in the IRS document and they are "considering" the submittal of a brief response to "clarify the facts".

Only time shall tell what the ultimate outcome will be, but Advogado is only updating us on the latest progress. No need to be upset with the messenger and if you're not interested in being updated, no need to click on this post.

Posh 08 11-03-2011 05:05 PM
Quote:
Originally Posted by English Ivy (Post 414064)
The actual IRS document stating their continued position can be read at this link:

http://www.districtgov.org/images/IR...-IRSUpdate.pdf

Janet Tutt has indicated in her memo which is included in this link that there are "factual errors" in the IRS document and they are "considering" the submittal of a brief response to "clarify the facts".

Only time shall tell what the ultimate outcome will be, but Advogado is only updating us on the latest progress. No need to be upset with the messenger and if you're not interested in being updated, no need to click on this post.
Oh I'm interested and grateful for the update.

Larry Wilson 11-03-2011 05:13 PM
Only time shall tell what the ultimate outcome will be, but Advogado is only updating us on the latest progress. No need to be upset with the messenger and if you're not interested in being updated, no need to click on this post.[/QUOTE]

Good post English Ivy. I so agree.

The Shadow 11-03-2011 06:10 PM
Quote:
Originally Posted by graciegirl (Post 414051)
Don't say anything Gracie.
Don't say anything Gracie.
Count to 100.
I’m gona mark this day on my calendar. :wave:

Taj44 11-16-2011 07:30 AM
Advogado, thanks for the update.

Boudicca 11-16-2011 03:09 PM
Omg
 
Ditto to Gracie's response. Does not make for a warm and comfy feel, for sure.

Taj44 11-16-2011 05:01 PM
Quote:
Originally Posted by shrandell (Post 418733)
Ditto to Gracie's response. Does not make for a warm and comfy feel, for sure.
Multi-million dollar IRS investigations tend to be not so warm and comfy.


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