Opinion
1674-20
09-13-2023
CHARLES JOSEPH VALENZA, JR., Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Tamara W. Ashford Judge.
On September 8, 2023, pursuant to the Court's July 10, 2023, Order, respondent filed a Status Report, apprising the Court of the then present status of this case. Respondent reports that the parties most recently conferred to discuss the case on September 6, 2023, and as a result of this discussion and the progress made in prior discussions, the parties believe that settlement of the issues surrounding the allowable amount of Schedule C expenses claimed on petitioner's federal income tax returns for the 2016 and 2017 taxable years (which are the years at issue) can be achieved upon petitioner's receipt and review of updated tax computations from respondent. Respondent further reports that he is currently in the process of preparing said tax computations, which will reflect the proposed terms of settlement discussed by the parties with respect to petitioner's Schedule C expenses claimed for the 2016 and 2017 taxable years. According to respondent, upon completion, he will provide a copy of the computations for petitioner's review, at which point the parties anticipate settlement can be reached with respect to this issue; the parties will continue working to achieve settlement with respect to the remaining items at issue in this case. Respondent requests that the Court allow the parties to file additional status reports in 60 days further detailing the progress made toward resolution of the issues in this case. Upon due consideration, it is hereby
ORDERED that the parties shall, on or before November 13, 2023, submit to the Court an agreed stipulated decision document or file status reports, separately or jointly, appraising the Court of the then present status of this case.