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hear from you as to whom the balance payment should be
made payable to and where the payment should be sent.
We will also need a release executed by the appropriate
representatives of the Internal Revenue Service
confirming that once Ms. Dormer makes the lump sum
payment that this matter will be resolved in its
entirety and that Ms. Dormer will receive no further
notices and no further collection attempts or lien
efforts will be taken by the service.
Thereafter, according to the stipulation filed in the
instant proceeding (and thereby incorporated into our findings):
8. On May 29, 2002, the parties agreed to a
resolution of the Collection Due Process dispute
whereby the Service would reduce the tax due from
petitioner for the taxable year 1998 by 25%
($1,749.25), from $6,997.00 to $5,247.75, and after
subtracting $1,003.00 in credits, the balance of tax
due from petitioner for the taxable year 1998 was in
the amount of $4,244.75.
9. The agreement also included abatement of the
entire amount of penalty due from petitioner under
I.R.C. � 6662 for the taxable year 1998.
On the May 29, 2002, date, Ms. Hornstein mailed to
Mr. Patel, as petitioner’s representative, a letter enclosing
copies of Form 12257, Summary Notice of Determination, Waiver of
Right to Judicial Review of a Collection Due Process
Determination, and Waiver of Suspension of Levy Action, with the
following explanation:
Enclosed are three copies of the Summary Notice of
Determination. Our agreed settlement is on the bottom
of page two. Please sign and return two copies of the
Form 12257 to me by June 20, 2002.
The taxpayer’s 1998 account was credited with $300 on
8/27/01. Her $703 overpayment from her 2001 tax return
was credited to the 1998 year on 4/1/02.
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