Joseph F. and Caroline Enos - Page 5

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          also indicated that the amounts due for petitioners’ 1970 and               
          1972 tax years were $64,167.11 and $86,690.39, respectively.                
               On December 15, 1978, MMI’s counsel sent respondent a letter           
          which stated that MMI would make 200 weekly installment payments            
          of $1,500 to respondent in satisfaction of the levy served on MMI           
          (December 15, 1978, payment agreement).  The December 15, 1978,             
          payment agreement was sent from MMI’s counsel, Bruce D. Forman,             
          Esq., to respondent’s Revenue Officer Charles J. Hillsdale and              
          stated the following:                                                       
                    I am writing to confirm my understanding of our                   
               conversation of December 13 and to put it in writing                   
               for purposes of specific explanation to my client.                     
                    Commencing Friday, December 19, 1978, and every                   
               Friday thereafter, Metropolitan Metals will forward to                 
               the Internal Revenue Service in self-addressed stamped                 
               envelopes to be provided by the Internal Revenue                       
               Service to me, payment in the amount of $1,500.00 for                  
               your levy on an account due and payable from                           
               Metropolitan Metals, Inc. to Joseph F. and Carol P.                    
               Enos, the same having been served on Metropolitan                      
               Metals August 15, 1978.                                                
                    It has been agreed that the outstanding account                   
               payable is in the amount of $300,000.00 and,                           
               accordingly, at this rate of payment it would take 200                 
               weeks to make all of the payments required.  Mr.                       
               Roberts, President of Metropolitan Metals, Inc., has                   
               agreed to inform me if business profits permit increase                
               payments and, at that time I would contact you so that                 
               we could increase the rate of payment to decrease the                  
               time during which payment would be made.                               
                    I appreciate the fact that you are cooperating                    
               with us so that this account can be paid in a manner                   
               consistent with continuing business and at the same                    
               time, allowing the government to collect the amount                    
               due.                                                                   






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