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ified balances, and (4) had $16,300 of credit available to him.
In sections 5 and 6 of petitioner’s June 24, 2005 Form 433-
A, petitioner provided the responses indicated to the following
questions:
16. LIFE INSURANCE. Do you have life insurance with a
cash value? : No 9 Yes
* * * * * * *
17a. Are there any garnishments against your wages?
: No 9 Yes
* * * * * * *
17b. Are there any judgments against you? : No 9 Yes
* * * * * * *
17e. In the past 10 years did you transfer any assets
out of your name for less than their actual value?
: No 9 Yes
* * * * * * *
17f. Do you anticipate any increase in household income
in the next two years? : No 9 Yes
* * * * * * *
17g. Are you a beneficiary of a trust or an estate?
: No 9 Yes
* * * * * * *
17h. Are you a participant in a profit sharing plan?
: No 9 Yes
In section 7 of petitioner’s June 24, 2005 Form 433-A,
petitioner indicated that he owned real estate in Washington,
D.C., the current value of that real estate was $741,330, there
were two outstanding mortgage loans totaling $625,000 with
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Last modified: March 27, 2008