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On the Form 433-A, petitioners listed the following assets:
Asset Current Balance/Value Loan Balance
Checking accounts $9,876 n/a
Savings accounts 525 n/a
Life insurance 1,174 $9,900
2002 Ford F350 9,195 36,687
1989 Nissan Maxima 538 -0-
5th Wheel Camper -0- -0-
Boat & Trailer 11,000 -0-
House 164,713 -0-
Total 197,021 46,587
The reported value of the life insurance reflected its then-
current cash value. The reported value of the house reflected
both the value of the land ($11,313) and the value of the house
($154,400).
Petitioners reported gross monthly income of $7,263,
representing Mr. Hubbart’s pension/Social Security income of
$3,381, and Mrs. Hubbart’s pension/Social Security income of
$3,882. Petitioners also reported the following monthly living
expenses:
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Last modified: May 25, 2011