- 7 - from petitioners, which was not properly credited to petitioners’ account. On June 24, 2003, respondent filed a declaration asserting that all credits had been properly applied and that petitioners’ tax liabilities for 1985, 1986, 1988, and 1989, including accrued interest as of April 27, 2003, amounted to $647,749.86.3 On December 17, 2003, the District Court entered judgment in favor of respondent and against Mr. Summers, ordering Mr. Summers to pay respondent $647,749.86 for unpaid Federal income taxes for years 1985, 1986, 1988, and 1989 plus interest accruing thereon at the rate provided by section 6621 from April 27, 2003, until paid. Actions Against Mrs. Summers To Reduce Federal Tax Claims To Judgment On December 11, 2002, respondent filed a complaint against petitioner Teresa E. Summers (Mrs. Summers) in the U.S. District Court for the Eastern District of Pennsylvania (District Court) seeking to reduce to judgment the income tax assessments made against her for 1985, 1986, 1988, and 1989, United States v. Teresa E. Summers, No. 2002-CV-9008 (E.D. Pa.). On February 10, 2003, Mrs. Summers filed an answer and cross-complaint 3Respondent’s declaration showed Mr. Summers’s unpaid tax liabilities and total accrued interest for 1989 to be $95,284.76 and $108,586.31, respectively.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Next
Last modified: May 25, 2011