- 12 -
Petitioner contends that she will suffer economic hardship
if she is not granted relief pursuant to section 6015(f).
Respondent received from petitioner a questionnaire, Form 886-A,
in which petitioner reported that she was employed as a teacher,
with an annual salary of approximately $48,000.4 Petitioner also
reported on Form 886-A approximately $1,000 of annual income from
dividends and interest.5 Petitioner reported her current monthly
income on her Form 886-A as $3,500 and her current monthly
3(...continued)
(iii) Good faith requirement. In addition, in order to
obtain a release of a levy under this subparagraph, the taxpayer
must act in good faith. Examples of failure to act in good
faith include, but are not limited to, falsifying financial
information, inflating actual expenses or costs, or failing to
make full disclosure of assets.
4The Dekalb County Board of Education reported the following
compensation to petitioner on Form W-2, Wage and Tax Statement
(W-2), for each of the years in question:
1994 $39,128.29
1995 41,969.06
1996 43,429.00
1997 44,947.00
1998 47,823.60
1999 48,572.22
5On her joint returns for the years in question, petitioner
reported the following dividend and interest income:
Dividend Income Interest Income
1994 $811 $144
1995 589 92
1996 1,272 1,500
1997 1,406 2,372
1998 1,011 32,591
1999 1,476 2,991
Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 NextLast modified: May 25, 2011