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credit that the IRS owes us. The only way anyone can
generate credits is if you overpay taxes. It’s like we
are giving the government a tax-free loan. The govern-
ment gets to keep the full overpayment, we’re forced to
sell our home then we will be given back $3,000 per
year. My husband is 60 years old and I am 58 we will
never in our lifetime get back all the overpaid taxes.
* * * We addressed our situation from day one with
payments until we both lost our jobs. We have been
trying to work things out reasonably. As subsequent
tax years were filed a credit was generated. Meaning
that we overpaid our taxes.
We are not asking you to modify, alter or eliminate tax
laws. We are respectfully asking that realize that we
have paid sufficient tax to cover our liability. The
only way to pay these phantom taxes is to sell our
home. If you ask us to sell our home and pay the taxes
we will be overpaying our tax obligation. We don’t
believe that Congress intended for this to happen.
This is really an accounting issue. The credit gener-
ated should offset the tax liability. [Reproduced
literally.]
At no time during the consideration by the Appeals Office of
petitioners’ Form 12153 with respect to the notice of tax lien
relating to their taxable years 2000 and 2001 did petitioners
provide Form 433-A, Collection Information Statement for Individ-
uals, or any other documentary evidence relating to their finan-
cial status or their financial situation at and after the respec-
tive times their 2000 return and 2001 return were filed. Al-
though collection alternatives were discussed at the Appeals
Office’s consideration of petitioners’ Form 12153 with respect to
the notice of tax lien relating to their taxable years 2000 and
2001, at no time during the Appeals Office consideration of that
matter did petitioners submit an offer-in-compromise, installment
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Last modified: May 25, 2011