Castro v. Comm'r of Internal Revenue

Full title: ABRAHAM U. CASTRO & MARIEFE M. CASTRO, Petitioners v. COMMISSIONER OF…

Court: United States Tax Court

Date published: Apr 17, 2023

No. 1889-23S (U.S.T.C. Apr. 17, 2023)

Opinion

1889-23S

04-17-2023

ABRAHAM U. CASTRO & MARIEFE M. CASTRO, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Kathleen Kerrigan Chief Judge

ORDER AND DECISION

Kathleen Kerrigan Chief Judge

For cause, it is

ORDERED that the parties' proposed stipulated decision, filed April 13, 2023, is recharacterized as a stipulation of settlement. Pursuant to that stipulation of the parties and to the parties' settlement stipulation, also filed April 13, 2023, and incorporating herein the facts stipulated by the parties as the findings of the Court, it is further

ORDERED AND DECIDED: That there is a deficiency in income tax due from petitioners for the taxable year 2020 in the amount of $6,635.00, and that there is an overpayment in income tax due to petitioners for the taxable year 2020 in the amount of $249.00; and

That there is no penalty due from petitioners for the taxable year 2020, under the provisions of I.R.C. section 6662(a).