Opinion
16443-22
06-26-2023
KLAUSSNER FURNITURE INDUSTRIES, INC. & SUBSIDIARIES, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Tamara W. Ashford, Judge.
On June 20, 2023, pursuant to the Court's January 17, 2023, Order, the parties filed a Joint Status Report, apprising the Court of the then present status of this case. The parties report that on June 16, 2023, they agreed to settlement terms in this case; however, respondent has not had the opportunity to request updated computations based on the settlement terms. The parties further report that in order to provide sufficient time to obtain (1) updated computations, (2) draft a decision document, (3) review the updated computations, and (4) review a proposed decision document, the parties request that the Court direct them to file a stipulated decision or a follow-up status report within 60 days. Upon due consideration, it is hereby
ORDERED that the parties shall, on or before August 22, 2023, electronically submit to the Court an agreed stipulated decision document or file status reports, separately or jointly, apprising the Court of the then present status of this case.