Opinion
10823-22
02-01-2024
ESSEL EYEWEAR, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Albert G. Lauber Judge
Pursuant to the Court's Opinion (T.C. Memo. 2024-11) issued in the above-docketed case on January 31, 2023, it is
ORDERED that respondent's Motion for Summary Judgment, filed September 28, 2023, is granted. It is further
ORDERED AND DECIDED that there are deficiencies in income tax in the amounts of $46,846.00 and $23,794.00 due from petitioner for the taxable years 2018 and 2019, respectively; and
There are accuracy-related penalties in the amounts of $9,369.20 and $4,759.80 due from petitioner for the taxable years 2018 and 2019, respectively under the provisions of I.R.C. § 6662(a).