Opinion
13619-15
11-24-2021
Lakshmana Koka & Vidhyalak Koka Petitioners v. Commissioner of Internal Revenue Respondent
ORDER
Mark V. Holmes, Judge
This case and its companion were on the Court's May 23, 2016 trial calendar for San Diego, California. We moved them to a status-report track, and the IRS granted corporate petitioner's request for a private letter ruling that retroactively allowed it S corporation status. Progress has been slow, but in a phone call with the parties on November 23, 2021 both agreed that a stipulation settling all issues would be filed shortly. It will take perhaps two month to perform the necessary computations and draft settlement documents, so it is
ORDERED that on or before January 24, 2022 the parties shall submit settlement documents.