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* * * * * * *
17b. Are there any judgments against you? 9 No : Yes
* * * * * * *
17e. In the past 10 years did you transfer any assets
out of your name for less than their actual value?
: No 9 Yes
* * * * * * *
17f. Do you anticipate any increase in household income
in the next two years? : No 9 Yes
* * * * * * *
17g. Are you a beneficiary of a trust or estate?
: No 9 Yes
* * * * * * *
17h. Are you a participant in a profit sharing plan?
: No 9 Yes
In section 7 of petitioner’s March 15, 2005 Form 433-A,
petitioner indicated that he owned (1) a 1991 Cadillac valued at
$1,500, (2) “Furniture/Personal Effects” valued at $1,000,
(3) inventory valued at $15,000 with respect to which there was
an $8,000 outstanding loan balance, and (4)(a) a one-half inter-
est in a duplex on University Avenue in Dubuque (University
Avenue property) valued at $40,000 and (b) a one-half interest in
a duplex on Wilson Street in Dubuque (Wilson Street property)
valued at $40,000. (We shall refer collectively to the Univer-
sity Avenue property and the Wilson Street property as the real
properties.) According to petitioner’s March 15, 2005 Form 433-
A, petitioner had borrowed $50,000 from his brother with respect
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Last modified: November 10, 2007