Opinion
14486-20
09-02-2022
KKMK CORPORATION, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Mark V. Holmes, Judge.
This case was on the Court's April 4, 2022 trial calendar for Los Angeles, California, and is mostly about substantiation. It arises from KKMK's 2016 tax year, but the same taxpayer is currently being audited for its 2017 and 2018 tax years. We continued this case because we agreed with the parties that it made sense to try to settle all three years together. Respondent recently reported that the parties believe that additional time will allow petitioner and respondent to continue to explore the possibility of resolution without the need for a trial. Respondent remains satisfied with the level of informal cooperation that petitioner has shown with IRS Exam. It is reasonable to keep this case on a long-term status-report track, and it is
ORDERED that on or before November 21, 2022 the parties shall file a status report to describe their progress in settling all three tax years or narrowing the issues to be tried in this case.