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Latest on IRS tax exempt bond issue

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  #16  
Old 05-22-2014, 11:56 AM
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I wonder if the OP of the sinkhole threads is aware of the IRS topic.
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Old 05-22-2014, 12:03 PM
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I wonder if the OP of the sinkhole threads is aware of the IRS topic.
Oh God, don't get him started posting IRS threads.
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Old 05-22-2014, 12:15 PM
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Quote:
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I wonder if the OP of the sinkhole threads is aware of the IRS topic.
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Oh God, don't get him started posting IRS threads.
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Old 05-22-2014, 12:35 PM
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Originally Posted by janmcn View Post
Apparently there are some posters who are not aware that this eight year long IRS investigation is going on, or that the district has paid close to one million dollars to the developer's attorney to protect the developer's bottom line.
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Old 05-22-2014, 02:33 PM
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Maybe the sink holes are caused by IRS moles undermining the District's legal position...
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Old 05-22-2014, 03:32 PM
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The bottom line is, yes, it is expensive to defend yourself when you've broken the law, as apparently The Villages has done with regard to tax law in this case. W'll have to wait and see how long the appeals can be stretched out. One would think that at some point, the appeals will end and the piper will have to be paid.
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!
  #22  
Old 05-22-2014, 04:21 PM
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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!
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Old 05-22-2014, 04:41 PM
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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!
Of course, you could always sell your house, make a nice profit, move away to a place where the "Morris" family will not irritate you, and be happy.
  #24  
Old 05-22-2014, 05:16 PM
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The topic is the latest update on the IRS bond issue.

Please address the topic and not each other.
  #25  
Old 05-22-2014, 06:47 PM
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Of course, you could always sell your house, make a nice profit, move away to a place where the "Morris" family will not irritate you, and be happy.
so sorry to offend
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Old 05-22-2014, 07:05 PM
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The topic is the latest update on the IRS bond issue.

Please address the topic and not each other.

Its not working.
  #27  
Old 05-22-2014, 07:05 PM
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I feel about this IRS/Bond subject the same as I did when I took my first really tough course at the College level. "Jim you are really in way over your head", I said to myself.

The difference: I had to deal with the subject matter many years ago but guess what---don't want to and don't have to now. Leave this to the attorneys----they are getting well paid to deal with this issue. FORE!
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Old 05-22-2014, 07:11 PM
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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.
  #29  
Old 05-22-2014, 07:27 PM
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Quote:
Originally Posted by mickey100 View Post
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.

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.
  #30  
Old 05-22-2014, 07:52 PM
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My educated guess is that this will drag on thru years and years of appeals. Then once it is decided, if it goes against the district, whatever law firm wrote the opinion letter for the bond package will have at it with their insurance company. I suspect that most of us will be feeding worms before it is *finally* settled.
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