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The record reflects that at the time of his separation from
AT&T, petitioner started receiving a series of substantially
equal periodic payments, pursuant to section 72(t)(4), from one
of the two Bank of America accounts in the form of a monthly
distribution in the amount of $1,931. Petitioner was still
receiving this monthly amount at the time the present motions
were heard by the Court.
Petitioner’s financial statements, which are included as
part of the record, contain the following information regarding
petitioner’s IRA accounts:
Year Amount Held in IRA Amount Issued to Petitioner
(Form 5498) (Form 1099-R)
1998 $805,349 $428,899
1999 538,390 83,373
2000 383,631 61,178
2001 222,290 80,077
2002 159,406 38,606
2003 145,155 23,177
With respect to the establishment and value of petitioner’s
bifurcated accounts, and the amounts withdrawn on each, the
record contains only one bank statement from the Bank of America
accounts, dated January 1-31, 2001. This statement contains the
following information:
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Last modified: March 27, 2008