Opinion
16325-21
03-24-2022
Gerrit J. Wolbers & Rosario V. Wolbers Petitioners v. Commissioner of Internal Revenue Respondent
ORDER AND DECISION
Maurice B. Foley, Chief Judge
For cause, it is
ORDERED that the parties' proposed stipulated decision, filed February 14, 2022, is recharacterized as a stipulation of settlement. In order to give effect to the basis of settlement reflected in that document, it is further
ORDERED AND DECIDED: That there is a deficiency in income tax due from petitioners for the taxable year 2018 in the amount of $1, 234.00, and that there is an overpayment of $112.00 and for which amount a claim for refund could have been filed under the provisions of I.R.C. section 6511(b)(2); and
That there is no penalty due from petitioners for the taxable year 2018, under the provisions of I.R.C. section 6662(a). 1