07 November 2008

*** OBAMA win likely to add fuel to IRS investigation of The Villages ***

Not sure how Obama's win will affect the future of age-segregated housing -- it probably won't -- but one thing is more likely: The IRS' investigation of The Villages is likely to be given more breathing room and actually result in an enforceable finding.... The developer, Mr. Morse, is a major contributor to the Republican Party. I suspect a McCain win would have been the deathknell of the IRS investigation. But a Democratic administration is likely to allow the investigation to continue. Still not known: has The Villages broken any laws?

Here are the two posts about the IRS investigation:

http://andrewblechman.blogspot.com/2008/09/villages-under-irs-investigation.html
http://andrewblechman.blogspot.com/2008/09/irs-investigating-villages-financing.html

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