Opinion
906-21
01-12-2022
Estate of Jean L. Walsh, Deceased, Donor, Robert J. Traver, Executor Petitioner v. Commissioner of Internal Revenue Respondent
ORDER
Mark V. Holmes Judge
This case is on the Court's April 4, 2022 trial calendar for Los Angeles, California. On December 22, 2021, respondent moved without oppposition to continue it. The case involves two split-dollar life-insurance transactions that had both gift- and estate-tax consequences. Some of the issues have been addressed in recent Tax Court opinions, but some are novel. The parties understandably wish to discuss settlement at IRS Appeals; doing so may narrow a particularly complicated case. It is reasonable to put this on a long-term status-report track, and it is
ORDERED that respondent's December 22, 2021 motion for continuance is granted in that this case is stricken from the Court's April 4, 2022 trial calendar. It is also
ORDERED that this division of the Court retains jurisdiction. It is also
ORDERED that on or before July 11, 2022 the parties shall file a status report to describe their progress toward settlement at IRS Appeals.