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Item 5 — To: Commissioner of Internal Revenue Service
I/We * * * submit this offer to compromise the tax
liabilities plus any interest, penalties, additions to
tax, and additional amounts required by law (tax
liability) for the tax type and period marked below:
* * *
: 1040/1120 Income Tax — Year(s) 1990, 1991, 1992,
1994, 1996, 1997, 2002
* * * * * * *
: Trust Fund Recovery Penalty as a responsible
person of (enter corporate name) Henry M. Lloyd
PC, for failure to pay withholding and Federal
Insurance Contributions Act Taxes (Social Security
taxes), for period(s) ending 9703.
: Other Federal Tax(es) [specify type(s) and
period(s)] excise taxes (all) 1991 & 1992
In items 6 and 7 of petitioner’s June 24, 2005 offer-in-
compromise, petitioner provided the responses indicated to the
following questions:
Item 6 — I/We submit this offer for the reason(s)
checked below:
9 Doubt as to Liability — “I do not believe I owe
this tax.” You must include a detailed
explanation of the reason(s) why you believe you
do not owe the tax in Item 9.
: Doubt as to Collectibility — “I have insufficient
assets and income to pay the full amount.” You
must include a complete Collection Information
Statement, Form 433-A and/or Form 433-B.
9 Effective Tax Administration — “I owe this amount
and have sufficient assets to pay the full amount,
but due to my exceptional circumstances, requiring
full payment would cause an economic hardship or
would be unfair and inequitable.” You must
include a complete Collection Information
Statement, Form 433-A and/or Form 433B and
complete Item 9.
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Last modified: March 27, 2008