Villages dispute with the IRS latest Villages dispute with the IRS latest - Talk of The Villages Florida

Villages dispute with the IRS latest

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Old 05-24-2016, 01:41 PM
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Default Villages dispute with the IRS latest

The IRS memo states “… we decided to close the examination with no change to the position that interest received by the beneficial owners of the Bonds is excludable from gross income.”

Found here at district site -> http://www.districtgov.org/images/IR...%205-19-16.pdf

And this means...
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Old 05-24-2016, 01:52 PM
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"And this means....."
Looks like the IRS determined that the bonds were "municipal" in nature and were issued properly.

Full Definition of MUNICIPAL

1: of or relating to the internal affairs of a major political unit (as a nation)

2 a : of, relating to, or characteristic of a municipality; b : having local self-government

3: restricted to one locality


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Old 05-24-2016, 02:32 PM
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Mr. TwoPlane.

Golf is available all around you and is an interesting thing to do, especially since the nine hole is almost free of charge. You meet a lot of interesting people and the same course plays differently everyday. Some say it keeps your mind off of community issues which are handled pretty well here without us and allows most of us to go about life just playing and relaxing and enjoying things.
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Old 05-24-2016, 03:13 PM
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Old 05-24-2016, 03:40 PM
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Originally Posted by twoplanekid View Post
The IRS memo states “… we decided to close the examination with no change to the position that interest received by the beneficial owners of the Bonds is excludable from gross income.”

Found here at district site -> http://www.districtgov.org/images/IR...%205-19-16.pdf

And this means...
Our IRS in action ------WOW
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Old 05-24-2016, 03:51 PM
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I am looking forward to spending more time in the Villages and doing those things that I have always dreamed about doing. Politics!
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Old 05-24-2016, 03:59 PM
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Originally Posted by graciegirl View Post
Mr. TwoPlane.

Golf is available all around you and is an interesting thing to do, especially since the nine hole is almost free of charge. You meet a lot of interesting people and the same course plays differently everyday. Some say it keeps your mind off of community issues which are handled pretty well here without us and allows most of us to go about life just playing and relaxing and enjoying things.
I'm with you for certain!
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Old 05-24-2016, 04:15 PM
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Originally Posted by twoplanekid View Post
I am looking forward to spending more time in the Villages and doing those things that I have always dreamed about doing. Politics!
Quick question... are you here or in Ohio with nothing to do?
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Old 05-24-2016, 04:26 PM
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Quick question... are you here or in Ohio with nothing to do?
Isn't the whole idea to relax? I don't only want to change the scenery I never want to see another town council meeting on television or get deeply involved but I guess some people like it. More power to them. Things ran just fine without me and I have faith that they will continue to do so. I love the political interest that those before me show. It's also comforting to know that only a small percentage are on the wrong political team. Its just a joke calm down. I'm with you CWGUY good point!
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Old 05-24-2016, 04:57 PM
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[QUOTE=twoplanekid;1230930]The IRS memo states “… we decided to close the examination with no change to the position that interest received by the beneficial owners of the Bonds is excludable from gross income.”

Found here at district site -> http://www.districtgov.org/images/IR...%205-19-16.pdf

And this means...[/QUOTE]

here is the page you missed. After reading all the information on that site, prepare a summation and mail it to yourself for further reference.
Village Community Development Districts
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Old 05-24-2016, 05:03 PM
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When retired and then down in the Villages, if I run and loose, so what. It seems like the perfect time to try and not worry about losing a job. There is an opening in District 9 for an alternate member to serve on the Architectural Review Committee. However, I must wait to live here for a full year and then hope for an opening for something in District 10.

And, I suppose I will be advised to not post to talkofthevillages while in office. Vote for me to stop my postings.
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Old 05-24-2016, 06:03 PM
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Nevermind.
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Last edited by Barefoot; 05-24-2016 at 06:18 PM.
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Old 05-24-2016, 06:16 PM
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Oh boy we have a COLD front passing thru this evening!
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Old 05-24-2016, 06:25 PM
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Originally Posted by Barefoot View Post
Nevermind.
edited.... does that mean you are not moving.
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Old 05-24-2016, 07:17 PM
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When to Funeral today! The IRS interest in the villages just died!
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