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Re: Jack and Maydee Thompson
Dear Ken:
Please confirm following is our agreement with
respect to settlement of above taxpayer’s cases for
open years:
We have agreed that the total taxes due for all
the open years are $15,000 for 1980 and $15,000 for
1981.
Further, in the event a final decision in this
case is more favorable they are to receive the benefit
of such decision.
Please sign below so I can have for my files.
McWade signed the letter and returned it to DeCastro.
On August 24, 1989, DeCastro wrote McWade requesting him to
arrange for the Thompsons to receive the balance of their refund.
McWade replied that the balance would not be released until the
Tax Court had issued its opinion, and DeCastro so informed the
Thompsons. DeCastro told the Thompsons that, because the IRS
would be paying interest, he believed it was fair to add interest
to the Thompsons’ bill.
On or about November 6, 1989, McWade received an undated
letter from Mr. Thompson, which stated in pertinent part as
follows:
Dear McWade:
There are some questions in mind that I feel you can
help me answer.
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