Opinion
13568-20
03-26-2024
MULBERRY ROCK FARM, LLC, MULBERRY ROCK INVESTORS, LLC, TAX MATTERS PARTNER, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Christian N. Weiler, Judge.
This case involves Mulberry Rock Farm, LLC's claim for a charitable contribution deduction based on the purported donation of a conservation easement in tax year 2016. Respondent disputes that petitioner is entitled to the deduction.
On March 25, 2024, the parties filed a joint status report stating therein that they are continuing to work collaboratively on informal discovery and expect to do so over the next several months. The parties also inform the Court that they are evaluating and hiring experts to assist with valuing the conservation easement at the time of donation. Additionally, respondent avers that he sent petitioner a settlement offer letter on March 1, 2024, in which petitioner has 30-days from the date of receipt to either accept or reject the settlement offer.
Given due consideration to the foregoing, it is
ORDERED that on or before September 27, 2024, the parties shall file a joint report regarding the then-current status of this case.