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to one of the real properties.
In section 8 of petitioner’s March 15, 2005 Form 433-A,
petitioner indicated that he owned various accounts and/or notes
receivable with a total amount due of $3,000.
In section 9 of petitioner’s March 15, 2005 Form 433-A,
petitioner listed various income items and various living expense
items. With respect to the income items listed in that section,
petitioner indicated that he had total monthly income of $1,010
consisting of $500 of monthly net income from business and $510
of monthly net rental income. With respect to the expense items
listed in section 9 of petitioner’s March 15, 2005 Form 433-A,
petitioner indicated that he had total monthly living expenses of
$1,128 consisting of $393 of monthly expenses for food, clothing,
housekeeping supplies, and personal care products, $400 of
monthly expenses for housing and utilities, $200 of monthly
expenses for transportation, $35 of monthly expenses for taxes,
and $100 of other unidentified monthly expenses.
On March 21, 2005, in response to petitioner’s March 16,
2005 letter, the settlement officer sent a letter to petitioner’s
authorized representative (settlement officer’s March 21, 2005
letter). In that letter, the settlement officer stated in
pertinent part:
In response to your March 16, 2005 letter, this will
advise you that I received and processed Form 940 and
the related remittance for American Office Equipment
[petitioner’s business]. However, our records indicate
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Last modified: November 10, 2007