Opinion
14853-20 14858-20
12-22-2023
PRITHPAL S. KANDHARI, ET AL., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Mark V. Holmes Judge
These cases were on the Court's April 4, 2022 trial calendar for Los Angeles, California. The combined deficiency is large, and arises mostly from flowthrough adjustments to the returns of an LLC owned by petitioners that was in the tire-distribution business. The parties reported this summer that they tentatively settled, but then medical issues have delayed the parties' efforts to draft and execute settlement documents. They reported earlier this fall that only three issues remain to be settled. The case can remain on a status-report track, and it is
ORDERED that on or before January 31, 2024 the parties shall submit settlement documents or file a status report describing their progress.