Opinion
22954-21
11-21-2022
PETER MICHAEL BUDDE & KATHRYN MARIE BUDDE, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Joseph W. Nega, Judge
Pursuant to the oral Memorandum Findings of Fact and Opinion (Bench Opinion) of the Court rendered at the in-person trial session for cases in which San Antonio, Texas, was the place of trial, on October 17, 2022, it is
ORDERED AND DECIDED that there is a deficiency in federal income tax due from petitioners for taxable 2017 in the amount of $32,797.00. It is further
ORDERED AND DECIDED that there is a penalty due from petitioners under the provisions of I.R.C. section 6662(a) for taxable year 2017 in the amount of $5,731.80. It is further
ORDERED AND DECIDED that there is an addition to tax due from petitioners under I.R.C. § 6651(a)(1) for the taxable year 2017 in the amount of $5,731.80.