Bernhard F. and Cynthia G. Manko - Page 16

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          notice.  The existence of a closing agreement covering specific             
          matters for the years at issue does not abrogate respondent’s               
          duty to issue petitioners a deficiency notice before assessment.            
          Accordingly, we hold that respondent may not proceed with                   
          collection of petitioners’ liabilities.                                     
               To reflect the foregoing,                                              

                                                  Decision will be entered            
                                             for petitioners.                         































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Last modified: May 25, 2011