- 29 - check for $40,000 with the May 29 Form 656.8 At respondent’s request, on June 14, 1996, petitioners resubmitted their offer in compromise using a newer version of Form 656. The June 14, 1996, Form 656 provided that if respondent rejected petitioners’ offer, then respondent would return the $40,000 without interest. Respondent denied petitioners’ offer in compromise. On June 25, 1996, petitioners appealed the denial and asked for a conference. In response, on August 7, 1996, Fish arranged for a conference to be held on August 22, 1996, at the Baltimore office. On August 14, 1996, Becker responded to petitioners’ telephone call, as follows: Thank you for your phone call regarding the status of your case. I am glad to hear, it finally made it to the Appeals Office in Baltimore. As promised, attached are copies of pages from the “Taxpayer Bill of Rights 2" relating to “Abatement of Interest and Penalties”. Since this is a very new legislative change the explanation is brief. It will take some time to develop detailed guidelines. 8 Both sides’ briefs agree that petitioners paid this $40,000 to respondent on May 15, 1996. As we have found (infra text including table 5), respondent abated interest for the period Oct. 4, 1995, through Sept. 20, 1996. Under these circumstances, it does not appear to make a difference whether the $40,000 was paid on May 29, 1996, as indicated in the stipulated Form 656 of that date, or was paid on May 15, 1996, as the parties agree on brief.Page: Previous 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Next
Last modified: May 25, 2011