- 6 -
of “J Dostal, Investment [sic], Inc.” on Form 1120S, U.S.
Income Tax Return for an S Corporation, for taxable year
2002. That tax return reports gross receipts of $295,498
and total deductions of $134,953 for ordinary income of
$160,545.
Also attached to petitioner’s offer-in-compromise is
a Form 433-A, Collection Information Statement for Wage
Earners and Self-Employed Individuals, for petitioner and
his wife. That form lists the following monthly income and
expenses for the couple:
Total Income Gross Total Expenses Actual
Source Monthly Expense ItemsMonthly
24. Wages (yourself) $5,400 35. Food, clothing and misc.$800
25. Wages (spouse) 36. Housing and utilities1,942
26. Interest-dividends 37. Transportation 990
27. Net income from business38. Health care 560
28. Net rental income 39. Taxes (income and FICA)
29. Pension/Social Security40. Court ordered payments
(yourself)
30. Pension/Social Security41. Child/dependent care
(spouse)
31. Child support 42. Life insurance
(Spouse)
32. Alimony 43. Other secured debt 500
33. Other 10,000 44. Other expenses600
34. Total income 15,400 45. Total living expenses5,972
Thus, the Form 433-A petitioner filed suggests that his
income exceeds living expenses by $9,428 per month before
income taxes. Form 433-A also lists the following assets
owned by petitioner and his wife:
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