Opinion
29920-21
10-07-2022
REUBEN S. JACKSON & INNA N. JACKSON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Emin Toro Judge
This case is currently calendared for trial during the Court's December 5, 2022, New York, New York, trial session. On October 4, 2022, the parties filed a Proposed Stipulated Decision (Doc. 8). However, upon review of the Proposed Stipulated Decision, the Court notes that the name of one of the petitioners in the caption does not match the caption of this case. The Court is therefore unable to process the parties' Proposed Stipulated Decision.
In view of the foregoing, and to give effect to the agreement of the parties in this case, it is hereby
ORDERED that the parties' Proposed Stipulated Decision (Doc. 8) filed October 4, 2022, is recharacterized as the parties' Settlement Stipulation. 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 $25,590.00;
That there is no addition to tax due from petitioners for the taxable year 2016 under the provisions of I.R.C. § 6651(a)(1); and
That there is no penalty due from petitioners for the taxable year 2016 under the provisions of I.R.C. § 6662(a)