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Contrary to petitioner’s hearing request, petitioner’s
offer-in-compromise did not raise doubt as to
collectibility as the basis of the offer.
Attached to petitioner’s offer-in-compromise is a
Form 433B, Collection Information Statement For Businesses,
for J. Dostal Investments, Inc. That form reports that
J. Dostal Investments, Inc., had business assets of de
minimis value, consisting of a computer and office
furniture, a checking account, and two brokerage accounts.
Section 7 of the form lists the following income and
expenses:
Total Income Gross Total Expenses Actual
Source Monthly Expense Items Monthly
19. Gross receipts$295,498 27. Materials purchased
20. Gross rental income 28. Inventory purchased
21. Interest 29. Gross wages & salaries$76,770
22. Dividends 30. Rent 6,300
Other income (specify 31. Supplies
in lines 23-25) 32. Utilities/telephone
23. 33. Vehicle gasoline/oil
24. 34. Repairs & maintenance
25. 35. Insurance
(Add lines 19 36. Current taxes 13,121
through 25) Other expenses
26. TOTAL INCOME 295,498 (include installment pay-
ments, specify in lines
37-38)
37. Statement 1, depreciation 26,447
38. Pension, interest expense 12,315
(Add lines 27 through 38)
39. TOTAL EXPENSES 134,953
Section 7 of Form 433-B calls for “monthly” income and
expenses. However, the income and expenses set forth on
Form 433-B appear to be computed on an annual basis. The
amounts set out on the form correlate with the income and
expenses reported on the income tax return filed on behalf
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Last modified: May 25, 2011