Opinion
17883-21S
10-14-2022
RICARDO FERNANDEZ & MARGARITA CASTRO, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Diana L. Leyden, Special Trial Judge.
This case was set on the calendar for the remote Trial Session of the Court at San Francisco, California, and was called from the calendar on October 11, 2022. There was no appearance by or on behalf of the petitioners. Counsel for respondent appeared and was heard. Counsel for Respondent orally moved for Entry of Decision consistent with parties previous filed settlement. After due consideration and for cause more fully appearing in the transcript of the proceeding, it is
ORDERED that respondent's oral Motion for Entry of Decision is granted. It is further
ORDERED AND DECIDED that there is a deficiency in Federal income tax due from the petitioners for the taxable year 2018 in the amount of $26,453.00; and
That there is not any accuracy-related penalty due from petitioners for the taxable year 2018 under the provisions of I.R.C. § 6662(a).