Originally Posted by Villageshooter (Post 881468)

93% of the time the feds win! the odds are not good for us! as long as morris is on our side with us paying the bill,,, this will just linger on, till the feds get more millions out us! thank u morris family! we luv paying ur bills!

Originally Posted by BobnBev (Post 881604)

I thought MORRIS was a cat. Who is this "Morris" family of which you speak?

:ohdear::ohdear:

Originally Posted by mickey100 (Post 881609)

It's a common mistake. I've heard people refer to Morris Boulevard as well.

Originally Posted by mickey100 (Post 881558)

You don't have to deal with it, and frankly I don't want to think about it either. But what really bugs me is when people bury their head in the sand, and act like nothing is wrong, or spout some vitriol at those who are concerned. It has the potential for negative consequences to the residents, so to pretend nothing is wrong, seems like a real cop out to me. Sorry if that offends anyone, but we are all entitled to our opinions. Anything that might affect my lifestyle, or pocketbook, is going to get my scrutiny, and others have said the same. Pretending it doesn't exist, or just "trusting" the Morses, is just plain foolish in my book.

Originally Posted by janmcn (Post 881566)

Well said, and it's important for prospective buyers to learn all they can about this investigation by doing a search on this forum or by doing a google search; IRS vs The Villages.

People have to do their own research. They won't hear anything about this from their salesperson or read about it in The Daily Sun.

Originally Posted by Bogie Shooter (Post 881615)

By people who live here???

Originally Posted by Indydealmaker (Post 881666)

No data. Nor can there be. This is a case with zero precedent.

Originally Posted by Moderator (Post 881717)

Let's get back on topic or the thread will be closed.

Originally Posted by ilovetv (Post 881441)

Well, gee. Being investigator, prosecutor, grand jury and judge, I guess you could wrap this all up by tomorrow, for free!

Maybe even land a Supreme Court appointment as compensation later!

Originally Posted by Bizdoc (Post 881407)

Maybe the sink holes are caused by IRS moles undermining the District's legal position...

Originally Posted by Mr.Kris (Post 881771)

OK. Back on point.



Not true. There is a ton of data here Village Community Development Districts Also, you may want to read Chp 190 of the Florida Statutes concerning the operation of CDDs.

The facts and figures are not in dispute. That was settled through the TAM process.

The issue is the application of law, regulation, and case history (precedent).

The VCCDD may eventually win, but it is clearly at a disadvantage considering the IRS/Treasury assisted in writing the laws, wrote/implemented the regulations, and participated in the case history.

Read the background and you can form your own opinion as I have.

Originally Posted by Indydealmaker (Post 881859)

To the best of my knowledge the IRS has never sued a CDD in Florida based upon this interpretation of their statute. That is what at issue here. Virtually, just an opinion. If it was just you and I, we would agree to disagree and go our own way, but the IRS is the 700 pound gorilla and they just won't compromise.

It would be interesting to see if the IRS targeting scandal will come into play on this since Morse is a well known conservative.

Worst case scenario is less than $5,000/house. Big dent in my Johnnie Walk Black budget!

Originally Posted by mulligan (Post 881892)

FYI, the CDD's don't own the golf courses or any other amenities. My view is the IRS would penalize those who benefited from the sale and ownership of tax free bonds. That's not me.