- 5 - 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.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011