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(12) AT&T with a current value of $1,598; (13) S.B.C. with a
current value of $11,375; (14) Q with a current value of $748;
and (15) Fidelity Invest. with a current value of $15,465. They
had available credit of $39,000. They also owned two cars (a
2000 Chevy Suburban and a 2002 Honda Civic) worth a total of
$31,915 and with outstanding loans totaling $30,219; they listed
no personal assets (i.e., zero).
In determining the current value of their Form 433-A
investments, petitioner and Mr. Bartak valued them at 70 percent
of the face value even though the Form 433-A states: “Current
Value: Indicate the amount you could sell the asset for today.”
In determining the current value of their real estate, petitioner
and Mr. Bartak valued their home at “80% quick sale value” even
though the Form 433-A states: “Current Value: Indicate the
amount you could sell the asset for today.”
Under the monthly income and expense analysis on Form 433-A,
petitioner and Mr. Bartak listed monthly wages of $1,561, monthly
interest/dividends of $200, monthly pension/Social Security of
$7,051, and other (settlement) of $796 per month for total
monthly income of $9,608. Under total living expenses,
petitioner and Mr. Bartak listed $1,600 for food, clothing, and
miscellaneous; $2,452 for housing and utilities; $1,205 for
transportation; $175 for health care; $2,390 for taxes; and $850
for other expenses comprising attorney’s fees ($600), church
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