[BobnBev]

Originally Posted by Villageshooter

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!

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

[mickey100]

Originally Posted by BobnBev

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

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

[Bogie Shooter]

Originally Posted by mickey100

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

By people who live here???

[Big O]

Originally Posted by mickey100

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.

What bugs me are people who worry about things they absolutely cannot control. I bought here a year and a half ago and knew about this situation and chose to go ahead anyway. Some may be in a different situation and bought before there was a problem. In any event, we have no control over it.

[Indydealmaker]

Originally Posted by janmcn

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.

Researching this forum would be a huge mistake. There has been nothing but speculation. No data. Nor can there be. This is a case with zero precedent.

[mickey100]

Originally Posted by Bogie Shooter

By people who live here???

Yes!

[Moderator]

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

[Mr.Kris]

OK. Back on point.

Originally Posted by Indydealmaker

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

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.

[Bogie Shooter]

Originally Posted by Moderator

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

Now is the time........................

[mickey100]

Originally Posted by ilovetv

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!

I just love the snarky posts like this one , not. Luckily posters like this are in the minority. It really gives TOTV a bad name.

[ohiogolf]

Originally Posted by Bizdoc

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

I thought they were caused by snowbirds like me. We are known to cause most of the problems in TV.

[Indydealmaker]

Originally Posted by Mr.Kris

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.

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!

[TVMayor]

Originally Posted by Indydealmaker

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!

Worst case scenario is less than $5,000/house.
I don�t think so. The IRS is not after me/you or the developer. The IRS is after the CDD. It is my understanding the amity fees are caped at $155/mo. The CDD may have to take money from the flower fund or sell a golf course. The way I see it, it is not my problem. If the IRS seizes the golf course and sells it and a trailer park is built on the golf course my property value would be my problem. However I would not loose my house because I could not pay the $5,000.

Can I have an amen.

[mulligan]

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.

[TVMayor]

Originally Posted by mulligan

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.

If memory serves me correctly the CDD sold tax free bonds to buy the amenities from the developer, if that is not the case what did they use the money for?