Opinion
28101-21
05-30-2024
CHRISTOPHER KLINE & JODIE KLINE, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Kathleen Kerrigan Chief Judge
On May 28, 2024, the parties filed a Proposed Stipulated Decision. Upon due consideration of the foregoing, to give effect to the agreement of the parties in this case, and for cause, it is
ORDERED that the parties' Proposed Stipulated Decision is recharacterized as the parties' Settlement Stipulation. Taking into account the basis for settlement reached between the parties, as reflected in that document, it is further
ORDERED AND DECIDED that there is a deficiency in income tax due from petitioners for the taxable year 2019 in the amount of $706.00; and
That there is no penalty due from petitioners for the taxable year 2019 under the provisions of I.R.C. section 6662(a).