- 5 - administration. Petitioners checked the box for “Deferred Payment Offer (Offered amount will be paid over the life of the collection statute)”. Petitioners offered to pay the tax deficiency without paying any penalty or interest. Petitioners listed the monthly payment as $300 for a total of 27 months. After submitting the offer in compromise, petitioners submitted to respondent a Form 433-A, Collection Information Statement for Wage Earners and Self-Employed Individuals. Petitioners listed a total balance in their bank accounts of $10,466.65. Petitioners also listed owning outright a house valued at $400,000 and a car valued at $14,000. Petitioners listed their monthly income as $1,538 and their monthly expenses as $990. On November 21, 2001, petitioners timely submitted a Form 12153, Request for a Collection Due Process Hearing, and requested a hearing with respondent’s Appeals Office. Petitioners’ stated objections in the Form 12153 concerned the underlying tax liability for 1991 and the offer in compromise that they had previously submitted. Appeals Officer Michael Glyer was assigned petitioners’ case. Appeals Officer Glyer determined that petitioners were not entitled to contest their underlying tax liability. Appeals Officer Glyer also reviewed the offer in compromise based on the financial information submitted by petitioners and determinedPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011