Roger D. and Mary M. Catlow - Page 5

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          owned assets with a total current value of $177,598, inclusive of           
          the following:7                                                             
          Assets                  Current value                                       
                    Cash in accounts                     $13,418                      
                    Retirement accounts                  105,440                      
                    Furniture/personal effects         3,000                          
                    Real Estate                        36,000                         
                    Mobile home                        8,950                          
                    Vehicles:                                                         
                    1977 Ford Van                 de minimis                          
                    1981 VW Pickup                          -0-                       
                    1990 VW Jetta                          460                        
                    2001 VW Passat                      10,330                        
                     177,598                                                          
          The Form 433-A also reported that petitioners had a single debt             
          of $7,948, which was attributable to the 2001 VW Passat, and the            
          following monthly items of income and expense:                              
                            Item of income             Amount                        
                                                                                     
          Husband’s pension                   $4,551                                  
          Items of expense           Amount                                           
                Food, clothing, and miscellaneous   $1,271                            
               Housing                                682                             
                Transportation                         1,244                          
               Medical expenses                     1,103                             
               Taxes (Income)                         446                             
                Life insurance                           5                            
               Other expenses                         400                             
                                                       5,151                          





               7 Form 433-A states that each asset reported on the form               
          should be valued at its “Current value”, defined on the form as             
          “the amount you could sell the asset for today”.                            





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Last modified: May 25, 2011