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compromise filed. The offer in compromise was
returned to you. It is not pending at this time.
The items listed above should be provided to me within
30 days of the date of this letter. I will contact you
after that date to schedule a hearing.
If you do not provide the returns and/or information
requested, I cannot consider certain collection alter-
natives in your hearing. These include selecting an
Offer in Compromise or an Installment Agreement, as
alternatives for resolving your case. * * *
In response to the March 13, 2003 letter, petitioner submit-
ted to the settlement officer, inter alia, Form 433-A, Collection
Information Statement (Form 433-A). Petitioner did not provide
the monthly income and expense information requested by Form 433-
A, and the only asset that she listed in that form was a Jeep
with a loan balance of $20,191.
In response to the March 13, 2003 letter, petitioner also
submitted to the settlement officer a document that purported to
list transactions relating to each of two accounts at Charles
Schwab (Charles Schwab accounts) for the period April-December
2000. On April 14, 2000, the opening balance in one of the
Charles Schwab accounts was $517,089.24. During the period
April-December 2000, a total of $487,738.50 was transferred from
that account to the other Charles Schwab account.3 The Charles
Schwab account to which that amount was transferred showed
3Of the total $487,738.50 transferred from one of the Schwab
accounts to the other, $10,000 was transferred in April 2000,
$320,000 was transferred in May 2000, and $157,738.50 was trans-
ferred in December 2000.
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Last modified: May 25, 2011