IRS ruling on The Villages tax-free bonds a long time coming

Jun 7, 2013 Full story: The Orlando Sentinel 16

The golf cart parking places are all full at the Lake Sumter Landing Town Center at The Villages retirement community on Friday, April 6, 2012.

Full Story
A local

Lady Lake, FL

#1 Jun 7, 2013
Nothing really new. The developer is a crook and people who live there are suckers. They're clueless.
Fat Ass

Lady Lake, FL

#2 Jun 7, 2013
A local wrote:
Nothing really new. The developer is a crook and people who live there are suckers. They're clueless.
Talk about CLUELESS. The battle has been going on for 5 years. The IRS just gave a ruling THIS WEEK. That's news. The developer is wonderful. That's why we have such a wonderful place to live.
IRS ruled Against

Lady Lake, FL

#3 Jun 8, 2013
It's the same conclusion that first came out 5 years ago in 2009. It has been repeated every time the developer's lawyers has tried to get a new result.
I've lived here 72 years. How many years have you lived here? I sold my farm to Harold and knew him as a good friend.
You don't know anything and you are just a come-lately. Want to explain the other 3 lawsuits this developer has lost or don't you know about them??
Fat Ass

Lady Lake, FL

#4 Jun 10, 2013
You've been here 72 years ? Where is HERE ? Certainly NOT The Villages, since The Villages is NOT 72 years old.
IRS ruled Against

Lady Lake, FL

#5 Jun 10, 2013
Lady Lake. We go back 3 generations. Made our money in citrus. I could write a book and you don't know jack sh--. By the way, the IRS situation is complicated but there are people who understand it. You're not one of them.
Greg

Chattanooga, TN

#6 Jun 20, 2013
Most don't understand anything about how the Villagers are controlled.
Fat Ass

Lady Lake, FL

#7 Jun 21, 2013
Again, the guy from TN chimes in. He doesn't live here. Claims it's "too hot in the summer and too cold in the winter" Why would we listen to you ?
The Villages has a CDD form of government. It's really NOT that complicated.
Anyone can google it and find out for themselves. It works wonderfully. We LOVE it here and will never leave.
Sunsetguy

Rochester, IN

#8 Jun 22, 2013
I agree with "IRS ruled against." Also agree with "Greg." Sorry fat ass.
who

United States

#9 Jul 1, 2013
IRS ruled Against wrote:
Lady Lake. We go back 3 generations. Made our money in citrus. I could write a book and you don't know jack sh--. By the way, the IRS situation is complicated but there are people who understand it. You're not one of them.
Like you I too have been around here for three generations. I knew Harold slightly and actually had some business dealings with him in the old Orange Blosson Gardens.

From what I saw at the time and even had many others point out to me he changed when Gary H. Morse showed up and started clamping down on the people. It was like he was under an influence he didn't want to be under or something. he loved to mingle with the people and all that stopped. Then all of a sudden Gary H. Morse started using H. Gary Morse for his name. Something really fishy that Morse claimed he was adopted and raised by the man who had Brownwood. Who knows he might be Jimmy Hoffa for all the people around here know. Spends a lot of time in the Carribean developing Fernidan or something. Fits right in around here anyway. As some say the Villagers don't have a clue about anything except alchol, prescription drugs and alot of viagria.
School buddy

Chicago, IL

#10 Jul 2, 2013
I went to school with Gary Morse. He was a spoiled mean kid. Ruined every business his father ever gave him. I agree with everything you said.
Fat Ass

Lady Lake, FL

#11 Jul 5, 2013
School buddy wrote:
I went to school with Gary Morse. He was a spoiled mean kid. Ruined every business his father ever gave him. I agree with everything you said.
Ruined every business his father ever gave him ??????????
ARE YOU FOR REAL......have you seen The Villages...does it look like Gary RUINED the business ?????
It over 100,000 people and growing. I'd say that a HUGE SUCCESS?
Lived in the Villages

Dalton, GA

#12 Jul 5, 2013
could only take living there in the villages about 12 years.(rom 1998-2010) it was just becoming too crowded and the developers constantly taking away what the resident had bought into to. Much much happier away from the greedy Gary Morse and his kids. Happy to be out of the camp where you have no say and in the world with trees, parks, voice in the community, and great firework displays! They were one more thing taken away by the greedy developer.
money first for him

United States

#13 Jul 9, 2013
Funny how Gary Morse a Jew has been in the sack with the Bush Nazi crime family all these years.

Just goes to prove for them all everything is just about the money.

Harold Schwartz was a fine honest business man who tried hard to keep Gary Morse straight - a criminal is born every second.

Walt Disney and his brother Roy were good honest people with a knack for clean entertainment, the zionist jews wiggled control of Disney and its been going to hell every since.

http://lakecountygov.info/2013/07/09/2014-ele...
Visitor

Lady Lake, FL

#14 Feb 7, 2014
Any updates on the IRS situation?
Mickey

Lady Lake, FL

#15 May 22, 2014
Yes, just saw an update. They are discussing it on TOTV, and as usual, you have a very vocal bunch that are burying their heads in the sand, and acting like anyone who sees any credibility in the IRS position is a nutcase who says the sky is falling. Nutcase or not, it seems pretty obvious to me that winning any appeals against the IRS in this case, is a long shot.

The main argument of the IRS is that in order to legally issue tax free bonds The VCCDD should have known that it was required to be controlled by a state or local government and motivated by a wholly public purpose in order to qualify as a political subdivision within the meaning of Treas. Reg. 1.103-1(b). furthermore, the IRS said that the Villages Center CDD is not a political subdivision permitted to issue tax-exempt bonds based on a number of facts including the governing board is elected by a small group of landowners i.e. the Morses, and that it 'was operated to perpetuate private control and avoid indefinitely responsibility to a public electorate.
Mickey

Lady Lake, FL

#16 May 22, 2014
Here is a link to the update:http://districtgov.org/ images/IRSupdates/IRS%20Update %20-%205-21-14.pdf

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