Opinion
23755-21
11-07-2022
ESTATE OF DAVID L. KARPELES, DECEASED, MARK B. KARPELES, SPECIAL ADMINISTRATOR, & MARSHA KARPELES, MARK B. KARPELES, NEXT FRIEND, Petitioner(s) 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 October 24, 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 petitioners for the taxable year 2016 in the amount of $173,068.00; and
That there is a deficiency in income tax due from petitioners for the taxable year 2017 in the amount of $39,665.00.