Opinion
15235-21
02-11-2022
Warren J. Knaust Petitioner v. Commissioner of Internal Revenue Respondent
ORDER AND DECISION
Maurice B. Foley Chief Judge
For cause, it is
ORDERED that the parties' proposed stipulated decision, filed January 24, 2022, is recharacterized as a stipulation of settlement. In order to give effect to the basis of settlement reflected in that document, it is further
ORDERED and DECIDED that, with respect to petitioner's 2018 tax year, there is a deficiency in income tax due from petitioner in the amount of $899.00, and petitioner is not liable for an I.R.C. section 6662(a) penalty.