- 11 -
RE: Offer In Compromise -- Henry M. Lloyd * * *
and Henry M. Lloyd, P.C. * * *
* * * * * * *
This letter and its attachments constitute revised
Offers In Compromise (OIC) for the two taxpayers iden-
tified above.
In our telephone discussion of December 22, you
described certain things which needed to be done in
order for the Service to consider the revised offers.
This cover letter describes how everything you sought
has been accomplished. The attached Forms 656 contain
the actual OIC’s.[11]
* * * * * * *
Court-Ordered Payments
You advised me that your computation of Reasonable
Collection Potential, which indicates Mr. Lloyd has the
ability to pay monthly installments of $1,304, includes
no consideration of the cost of supporting his children
or providing for their education, because we had pro-
duced no evidence that he was required by a court order
to pay such amounts. I apologize if you asked for the
court order and I neglected to supply it – I did not
understand that such a request had been made.
The Marital Settlement Agreement between Mr. Lloyd
and his ex-wife is attached for your use. It imposes a
number of financial obligations on Mr. Lloyd, including
the provision of health insurance and education, both
of which Mr. Lloyd is currently paying for. If you add
these obligations to the other Necessary Living Ex-
penses on your worksheet, you will see that they to-
tally eliminate Mr. Lloyd’s ability to make any in-
11The record does not contain Forms 656 referred to in Mr.
Silverberg’s January 12, 2004 letter. That is because the
declaration by Mr. Silverberg filed in support of petitioner’s
response to respondent’s motion indicates that he was unable to
locate such forms. (Petitioner filed a response to respondent’s
motion, a declaration by Mr. Silverberg in support of that
response, and a supplement to that response consisting of a
declaration by petitioner. We shall refer collectively to those
filings by petitioner as petitioner’s response.)
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Last modified: March 27, 2008