Opinion
14254-19
10-29-2021
Fabian D. Fonseca & Armandina Fonseca Petitioners v. Commissioner of Internal Revenue Respondent
ORDER AND DECISION
Emin Toro, Judge.
On October 27, 2021, the Court received from the parties a Proposed Stipulated Decision (Doc. 26). Upon review, the Court notes that the filing is improper in that it incorporates both consolidated cases in one decision document. In the interest of judicial economy, the Court will not ask the parties to correct and resubmit the decision documents. Rather, upon due consideration, it is hereby
ORDERED that the parties' Proposed Stipulated Decision filed October 27, 2021, shall be recharacterized as the parties' Stipulation of Settled Issues. 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 $22, 684.00; and
That there is a penalty due from petitioners for the taxable year 2016, under the provisions of Internal Revenue Code section 6662(a), in the amount of $4, 536.80. 1