Henry M. Lloyd - Page 31




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               son) in Wash D.C. * * * Claims income of 4342 vs 5659                  
               living expenses.  However, TP reported AGI of 87,163 in                
               ‘04; 345,165 in ‘03; 216,074 in ‘02.                                   
                    CONCLUSION:  Does not appear to be a valid offer                  
               on the basis of DATC:  not everything is on the table,                 
               and his income and residence seem extravagant.  Next                   
               step: do preliminary investigation and if RCP exceed                   
               liability of 264,457, conclude investigation and report                
               findings to Appeals.                                                   
                  *       *       *       *       *       *       *                   
               * * * Claims declining income, but no evidence provided                
               and research indicates “fluctuating” income.  [Repro-                  
               duced literally.]                                                      
               On September 6, 2005, the second offer specialist sent                 
          petitioner a letter (second offer specialist’s September 6, 2005            
          letter).  In that letter, the second offer specialist stated in             
          pertinent part:                                                             
               I have been assigned to investigate your offer in                      
               compromise dated 06/24/2005.  I have completed a pre-                  
               liminary analysis of your offer, after reviewing the                   
               information you provided.  My analysis shows that you                  
               have the ability to pay your liability in full within                  
               the time provided by law, based on the following compu-                
               tations:                                                               

                     Total net equity in assets:     $372,231.00                      
                     Total future income value:      $607,296.00                      
                     Total ability to pay:           $979,527.00                      
                     Balance due (as of 08/15/2005) $264,457.49                       
                     Amount you offered:             $139,776.00                      
               Copies of my worksheets are enclosed for you[r] review.                
               If you disagree, you may provide additional documenta-                 
               tion showing that the figures are incorrect.  You may                  
               also provide any other information you believe I should                
               consider in making my recommendation as to whether to                  
               accept your offer.                                                     






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