Opinion
7205-23
05-06-2024
ALICIA SCOTT DAVIS, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Courtney D. Jones Judge
On May 3, 2024, the parties filed a Settlement Stipulation (Doc. 12) and Proposed Stipulated Decision (Doc. 13). Upon review, the Court notes that the Docket number on the filings is incorrect (i.e., the small tax designation must be removed). Upon due consideration, it is
ORDERED that the parties' Proposed Stipulated Decision is retitled as Stipulation of Settled Issues. It is further
ORDERED AND DECIDED: That there is a deficiency in income tax from petitioner for the taxable year 2020 in the amount of $187,749.00 and that there is an overpayment in income tax for the taxable year 2020 in the amount of $1,289.00, which amount was paid after the mailing of the Notice of Deficiency; and
That there is a penalty due from petitioner for the taxable year 2020, under the provisions of I.R.C. § 6662(a), in the amount of $18,649.90.