Opinion
14853-20 14858-20
06-02-2023
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. The parties recently reported that they have been exchanging written analyses of the issues. To allow the parties sufficient time to meet and continue to progress in informal discovery it is
ORDERED that on or before July 5, 2023 the parties shall submit settlement documents or file a status report describing their progress.