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Petitioner’s attorney repeats his contention that
petitioner cannot part with the funds necessary to make
full payment because those funds will be needed, after his
retirement, to satisfy his medical and living expenses and
to support him, his wife, and his children. Petitioner’s
attorney states as follows:
given Mr. Dostal’s age and retirement needs,
future and current medical and living costs,
and projected retirement needs, he is required
to contribute a certain amount to his retirement
accounts to insure a modest living standard for
himself, his wife, and children.
Petitioner’s attorney summarizes petitioner’s position as
follows:
Considering Mr. Dostal’s age, his future
financial and health needs, his spouse and
children’s future financial needs, it is clear
that any and all savings, retirement savings
and the like, will be needed, and spent toward
their support, and the future support of their
children. The amount of taxes owed, the Dostal’s
[sic] present and future financial needs,
Mr. Dostal’s few remaining years or months of
employment remaining [sic], and their family
support needs, warrant approval of this Offer
in Compromise.
Petitioner’s attorney emphasizes that petitioner
had incurred unsecured debt in the aggregate amount of
approximately $203,000 and had monthly medical expenses
of approximately $1,000, consisting of medical insurance
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