David Jackson and Betty S. Jackson - Page 9

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          providing petitioners with an escrow demand letter for their                
          lender.                                                                     
               Mr. Minor abated for reasonable cause $596.02 of the                   
          addition to tax for failure to timely pay tax accruing from July            
          31 to November 30, 2003 as follows:                                         
               1995, 1996, 1998:  No penalty applicable for this                      
               period because the 50-month period for assessment of                   
               this penalty has already expired                                       
               1999:  $48.62 ($2,431 tax due per return multiplied by                 
               2 percent (i.e., .5 percent for 4 months))                             
               2000:  $510.88 ($26,144 tax due per return less $600                   
               general tax credit multiplied by 2 percent)                            
               2001:  $36.52 ($1,826 tax due per return multiplied by                 
               2 percent)                                                             
               On October 31, 2003, petitioners paid in full their                    
          outstanding income tax liabilities for the years in issue of                
          $64,928.88.                                                                 
               D.  Notice of Determination                                            
               On December 11, 2003, respondent sent to each petitioner a             
          Notice Of Determination Concerning Collection Action Under                  
          Section 6320 (notice of determination).  In the notice of                   
          determination, respondent denied all of petitioners’ requests.              
          With respect to petitioners’ request to abate interest,                     
          respondent denied their request because                                     
               the Jacksons have not fully paid their liabilities.                    
               They state that the delay of their refinance caused                    
               them to accrue additional interest, but, the refinance                 
               was not secured.  Had it been secured, there was                       
               insufficient funds available in the refinance to fully                 





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