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Kandhari v. Comm'r of Internal Revenue

United States Tax Court
Mar 20, 2023
No. 14853-20 (U.S.T.C. Mar. 20, 2023)

Opinion

14853-20 14858-20

03-20-2023

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 was in the tire-distribution business. We spoke with them last October to urge them to accelerate their informal discovery. Petitioners promised to produce any records of the casualties suffered by their business by the end of this year. Respondent promised to comb through the extensive records that petitioners have already produced to have a considered opinion on whether sampling will permit progress in settlement talks or a more extensive, line-by-line review of the business's accounting will be necessary. They recently reported they are exchanging written analyses of their respective positions, and remain optimistice that the cases will settle. They reasonably suggest reporting again in April and it is

ORDERED that on or before April 24, 2023 the parties shall file a status report describing their progress toward settlement.


Summaries of

Kandhari v. Comm'r of Internal Revenue

United States Tax Court
Mar 20, 2023
No. 14853-20 (U.S.T.C. Mar. 20, 2023)
Case details for

Kandhari v. Comm'r of Internal Revenue

Case Details

Full title:PRITHPAL S. KANDHARI, ET AL., Petitioners v. COMMISSIONER OF INTERNAL…

Court:United States Tax Court

Date published: Mar 20, 2023

Citations

No. 14853-20 (U.S.T.C. Mar. 20, 2023)