- 19 -
With regard to age, health, and retirement status,
petitioners’ argument is not supported by the record. In the
information submitted to Ms. Cochran, petitioners represented
that they were retired and, due to their medical conditions,
could not obtain employment. Ms. Cochran did not dispute this.
In calculating petitioners’ reasonable collection potential, she
used only their reported pension income.
Ms. Cochran allowed only $912 of petitioners’ reported
monthly medical expenses of $1,130. As reflected in the notice
of determination, the allowable medical expenses were “based on
documentation for out-of-pocket expenses provided by
[petitioners] and reflect costs for February 2003 through March
2004 (14 months). The [petitioners’] expenses totaled $12,756,
which, divided by 14 months, equals $911.14.” While petitioners
dispute the reduction of their allowable medical expenses, they
have not disputed the accuracy of Ms. Cochran’s determination
that petitioners’ actual documented monthly medical expenses were
only $912.
Given her inclusion of pension income as the only source of
future income and her acceptance of petitioners’ documented
medical expenses, we reject petitioners’ assertion that Ms.
Cochran failed to consider their age, health, retirement status,
and current medical costs.
Page: Previous 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 NextLast modified: May 25, 2011