Opinion
26999-21
07-28-2022
GRANT D. DERMODY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Kathleen Kerrigan, Chief Judge.
For cause, it is
ORDERED that the parties' proposed stipulated decision, filed June 30, 2022, is recharacterized as a stipulation of settlement. In order to give effect to the basis of settlement reflected in that document, it is further
ORDERED and DECIDED that there is a deficiency in income tax due from petitioner for the taxable year 2018 in the amount of $14,684.00; and
That there is a penalty due from petitioner for the taxable year 2018 under the provisions of I.R.C. section 6662(a) in the amount of $1,468.40.