Opinion
7722-21S
02-02-2022
LAWRENCE C. BUCKLEY JR. & PAMELA F. BUCKLEY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Adam B. Landy, Special Trial Judge
On February 2, 2022, the parties submitted to the Court a Proposed Stipulated Decision. This decision details the terms of settlement agreed to by the parties, which includes the receipt of an overpayment by petitioners for taxable year 2018. However, the decision does not account for the accuracy-related penalty, pursuant to I.R.C. section 6662(a), raised by respondent in the Notice of Deficiency, dated December 3, 2020, and the parties failed to file a Settlement Stipulation setting forth the facts related to the overpayment.
Section references are to the Internal Revenue Code of 1986, as amended.
Upon due consideration, it is
ORDERED that the parties' Proposed Stipulated Decision (Docket Entry No. 12), filed February 2, 2022, is hereby stricken from the Court's record in this case. It is further
ORDERED that, on or before February 18, 2022, the parties shall electronically file a Settlement Stipulation and corrected Proposed Stipulated Decision or a Status Report (preferably a joint report) to inform the Court of the then-present status of this case.