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During 2004, petitioner received $12,906 as an employee of
RIG, Inc., as well as $1,274 in unemployment compensation. On
January 6, 2006, petitioner filed late a Federal return for her
taxable year 2004 (2004 return) that showed a $2 refund due.
On January 6, 2006, petitioner submitted to respondent Form
433-A, Collection Information Statement for Wage Earners and
Self-Employed Individuals (Form 433-A). That form contained
several sections identified as section 1 through 9. In section 2
of Form 433-A that petitioner submitted to respondent (peti-
tioner’s Form 433-A), petitioner did not respond to a question
relating to whether she or Mr. Beatty was self-employed or
operated a business, although she indicated in section 3 of that
form that she was unemployed. In section 3 of petitioner’s Form
433-A, petitioner did not indicate whether Mr. Beatty was em-
ployed.
In section 5 of petitioner’s Form 433-A, petitioner indi-
cated that she (1) maintained a checking account with a $200
account balance, (2) had $50 cash on hand, (3) had a credit card
balance of $400, (4) owed $4,700 with respect to an equity line
of credit, and (5) had $400 of credit available to her.
In sections 5 and 6 of petitioner’s Form 433-A, petitioner
provided the responses indicated to the following questions:
16. LIFE INSURANCE. Do you have life insurance with a
cash value? : No 9 Yes
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