Opinion
1851-23
07-24-2023
TYRONE STEVEN HILLEY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Kathleen Kerrigan Chief Judge
On July 21, 2023, the parties filed a Proposed Stipulated Decision for the Court's consideration. Because of a typographical error contained in the proposed decision document, the Court is unable to enter it. Nevertheless, the agreement of the parties, as reflected in that document, is clear to the Court.
In view of the foregoing, and to give effect to the agreement of the parties in this case, it is
ORDERED that the parties' Proposed Stipulated Decision is recharacterized as the parties' Settlement Stipulation. Taking into account the basis for settlement reached between the parties, as reflected in that document, it is further
ORDERED and DECIDED that there is a deficiency in income tax due from petitioner in the amount of $7,118.00 for the taxable year 2020; and
That there is no penalty under I.R.C. section 6662(a) due from petitioner for the taxable year 2020.