TRYING TO GET OUT OF MEXICO TIMESHARE

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Original Message:

Re: Re: Re: TRYING TO GET OUT OF MEXICO TIMESHARE (by KC):

lancec13 wrote:
I realize that I might be splitting hairs here but, from my understanding, DFC did not get in trouble for allowing a deduction. DFC does not have the power to allow deductions, only the IRS does. DFC got in trouble for issuing formal appraisals to donors --- appraisals with unrealistic, inflated values as well as advertising and touting that donors could get significant tax deductions for "donating" low-value timeshares.

You are absolutely correct. In addition, if memory serves, the (unqualified, non-credentialed) person who issued the bogus appraisals for DFAC was a relative (wife maybe?...I can't quite recall) of one of the DFAC principals. In any event, I believe that DFAC was ultimately forced to "close up shop" --- and good riddance to them.