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You asked that I fax to you today a copy of the
personal Form 656 Offer In Compromise which has been
reformatted to reflect the amount of $139,797, payable
over the 84 month period in equal installments. That
is attached to this fax, and the signed original will
be hand-delivered to your office on Monday. Please let
me know if there are any questions.
In response to your other questions, Mr. Lloyd’s
accountant informs me that Mr. Lloyd is neither under-
paid nor under-withheld for 2003 and 2004. For 2003,
the tax which has been withheld via the amended 941’s
($68,655) exceeds 100% of Mr. Lloyd’s 2002 liability
($36,389). His 2003 return is extended until October
15, and if there is any balance due for 2003 we under-
stand he is “in compliance” by paying in full on that
date. For the P.C., he has filed 941’s and made appro-
priate payments for the first two quarters of 2004.
The third quarter payment is not due until October 15.
The following items are attached to substantiate
his compliance.
1. Approval of the extension of the 2003 form
1040.
2. Copy of form 941 for the first quarter of
2004.
3. Copy of cancelled check for payment with the
first quarter of 2004.
4. Copy of form 941 for the second quarter of
2004.
5. Copy of bank receipt for deposit with the
second quarter of 2004.
Please let me know if you have any questions.
Mr. Silverberg enclosed with Mr. Silverberg’s October 1, 2004
letter, inter alia, completed Form 656, that petitioner signed
and that was dated September 29, 2004 (petitioner’s September 29,
2004 offer-in-compromise).15 In item 5 of petitioner’s September
15The first offer specialist’s September 6, 2004 letter
referred to a “last amended F656”, that petitioner signed and
(continued...)
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Last modified: March 27, 2008