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I/We agree that the federal taxes shown above, plus all
penalties and interest provided by law, will be paid as
follows: $100.00 will be paid on October 24, 1996 and
$100.00 will be paid no later than the 24th of each
month thereafter until the total liability is paid in
full.
Additionally, petitioners agreed to the following conditions:
While this agreement is in effect, [petitioners] must
file all federal tax returns and pay any taxes [that
petitioners] owe on time.
* * * * * * *
If [petitioners] don’t meet the conditions of this
agreement, [respondent] will cancel it, and may collect
the entire amount [that petitioners] owe by levy on
[petitioners’] income, bank accounts, or other assets,
or by seizing [petitioners’] property.
* * * * * * *
[Respondent] will apply all payments on this agreement
in the best interest of the United States.
Pursuant to the installment agreement, petitioners submitted
monthly $100 payments to respondent. From October of 1996
through December of 1997, respondent applied the payments to
petitioners’ 1990 and 1994 liabilities as follows:
Date recorded Amount of payment Tax year
10/23/96 $100 1990
11/25/96 100 1994
12/18/96 100 1994
1/17/97 100 1990
2/20/97 57 1994
3/30/97 100 1994
4/24/97 100 1994
5/29/97 100 1994
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Last modified: May 25, 2011