Opinion
32255-21
10-21-2022
BRADLEY N. DUNBAR & FAWN D. DUNBAR, Petitioner(s) v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
KATHLEEN KERRIGAN CHIEF JUDGE
For cause, it is
ORDERED that the parties' Proposed Stipulated Decision, filed October 19, 2022, is recharacterized as a Stipulation of Settlement. In order to give effect to the parties' basis for settlement reflected in that document, and incorporating herein the facts stipulated by the parties as the findings of the Court, it is
ORDERED AND DECIDED: That there is a deficiency in income tax due from Petitioners for the taxable year 2019 in the amount of $3,647.00, and that there is an overpayment in income tax due to Petitioners for the tax year 2019 in the amount of $891.00, which amount was paid on April 15, 2020, and for which amount a claim for refund could have been filed under I.R.C. § 6511(b)(2) on September 7, 2021, the date the Statutory Notice of Deficiency was mailed; and
That there is no penalty due from Petitioners for the taxable year 2019, under the provisions of I.R.C. § 6662(a).