Hailu Yohannes Awlachew - Page 5




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               On or about August 16, 2004, petitioner mailed to respondent           
          a Form 12153, Request for a Collection Due Process Hearing                  
          (Request).  In his Request, petitioner stated that he had lost              
          all of the value of the stock from which his tax liability                  
          originated and that the loss was beyond his control because it              
          resulted from a downturn in the economy.  Petitioner also claimed           
          that his job security was uncertain, that he was in debt, and               
          that he was a loyal taxpayer.  Petitioner asked respondent not to           
          place a lien on his property because of his precarious financial            
          condition.                                                                  
               By letter dated November 10, 2004, respondent’s Appeals                
          Office informed petitioner that his Request had been received and           
          that a telephone hearing had been scheduled for December 9, 2004.           
          On November 24, 2004, respondent received a letter from                     
          petitioner requesting a face-to-face hearing.  Petitioner                   
          attached to his request a Form 433-A, Collection Information                
          Statement for Wage Earners and Self-Employed Individuals, and               
          documentation to substantiate the figures on his Form 433-A.  On            
          his Form 433-A, petitioner reported assets of $16,000 ($6,000 in            
          cash and $10,000 in investments), $18,500 in credit card debt,              
          and a monthly net income of $2,230.4                                        



               4On his Form 433-A, petitioner reported monthly income from            
          salaries of $6,280 and monthly expenses of $4,050.  Petitioner’s            
          monthly expenses included other expenses of $1,500.                         






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