Opinion
7992-23
03-06-2024
JAMES J. WRIGHT, III & KELSEY L. WRIGHT, III, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Emin Toro, Judge.
On March 4, 2024, the parties filed a Proposed Stipulated Decision (Doc. 12). However, upon review of the Proposed Stipulated Decision, the Court notes that the caption is incorrect in that it does not match the caption of this case. The Court is therefore unable to process the parties' Proposed Stipulated Decision.
In view of the foregoing, and to give effect to the agreement of the parties in this case, it is hereby
ORDERED that the parties' Proposed Stipulated Decision (Doc. 12) filed March 4, 2024, is recharacterized as the parties' Settlement Stipulation. It is further
ORDERED AND DECIDED that there is no deficiency in income tax due from, nor overpayment due to, petitioners for the taxable year 2020; and
That there is no penalty due from petitioners for the taxable year 2020 under the provisions of I.R.C. § 6662(a).