- 9 - Hubbart had a history of ulcerative colitis, and has to have a colonoscopy each year, for which she has to pay $1,000; and (3) Mr. Hubbart suffered from heart problems, had an angioplasty and an angiogram during 2004, required 35 sessions of a treatment called External Counterpulsion System beginning April 19 and ending June 4, 2004, and would likely require heart bypass surgery in the future. The retirement analysis outlined the likelihood of increased housing and medical costs as petitioners age. In the remaining three letters, petitioners alleged that they were victims of Hoyt’s fraud and asserted various arguments regarding the appropriateness of an offer-in-compromise. On May 21, 2004, petitioners submitted another letter to Ms. Cochran, which included 42 exhibits not provided with the April 9, 2004, letters. On September 1, 2004, respondent issued petitioners a notice of determination. In evaluating petitioners’ offer-in- compromise, respondent made the following changes to the values of assets reported by petitioners on the Form 433-A: (1) Determined that the house was worth $214,141 instead of $164,713, based on the value assigned to the property by the Calaveras County Assessor’s Office in 2002; (2) included the quick-sale value of the 1989 Nissan Maxima of $431 instead of the fair market value petitioners reported; (3) included the quick-salePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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