Opinion
14853-20 14858-20
08-02-2022
PRITHPAL S. KANDHARI, ET AL., Petitioners 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 is in the tire-distribution business. The parties recently reported a slowing in progress, but do both expect further productive informal discovery in the next couple months. These cases still seem headed to settlement, so it is
ORDERED that on or before September 27, 2022 the parties shall file a status report describing their progress toward settlement or a narrowing of the issues to be tried.