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expenses petitioner reported to respondent in 2003. Based on her
submissions to respondent in 2001 and 2003, petitioner’s monthly
expenses in 2003 included: Mortgage payment, $1,200; utilities,
$300 to $350; food, $400 to $500 (in 2001); car payment, $500;
car insurance, $100; car operating expenses (no amount given5);
clothing (no amount given); child care, $400; phone, $100; health
insurance, $220; and dental insurance, $50. These monthly
expenses totaled about $3,300. Respondent’s estimate included
nothing for out-of-pocket medical expenses for one of her
children, or Federal or State income taxes, Social Security tax,
or clothing expenses about which she told respondent in her June
30, 2003, statement. In 2005, she estimated that those expenses
were $300 and $100 per month, respectively. She also had
expenses in 2005 for several other items, such as Federal income
tax and Social Security taxes, State income tax, flood insurance,
a home equity loan, car repairs, dry cleaning and personal care
services, and cable, telephone, and Internet service.
c. Petitioner’s Retirement Fund
Petitioner had a balance of about $63,000 in her section
401(k) retirement plan account in 2005. Section
301.6343-1(b)(4)(ii)(A) through (F), Proced. & Admin. Regs.,
5 Petitioner said that in 2003 her car payments were $500
and car insurance was $100. Giving the most common meaning to
words, those two categories do not include car expenses, which in
2001 she estimated to be $375.
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