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Checking accounts
Checking account (********1731) $825
Checking account (******63) 20 $845
Brokerage accounts
Brokerage account (******31CK) 9,000
Brokerage account (******07) 541 9,541
Investments
National securities SEP IRA 60,000
US Bank SEP IRA 14,000 74,000
Automobiles
Lexus, 2000 23,000
Loan -28,000
Kia, 1998 2,000
Loan -3,000
Ford truck, 1968 1,500
-4,500
Real estate
Arlington, VA residence 500,000
Loan -450,000 25,000
Personal assets
Furniture/personal effects 8,900
Jewelry 500 9,400
Business assets
Office furniture 2,000
Item 9 of the offer-in-compromise asks the taxpayer
to set forth the reasons the offer-in-compromise is
requested. In response, petitioner’s offer-in-compromise
refers to a cover letter written by petitioner’s attorney.
In that letter, petitioner’s attorney states as follows:
Mr. & Mrs. Dostal do not dispute the amount owed
and admittedly have sufficient assets and means
to pay this amount, within the short-term, but
due to several mitigating factors, and their need
for these funds to be used for his and his
family’s needs, it would be and would indeed
cause a sufficient economic hardship for my
clients and their family members.
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Last modified: May 25, 2011