Opinion
7627-20
06-10-2021
KTA Direct Corp. Petitioner v. Commissioner of Internal Revenue Respondent
ORDER
Mark V. Holmes, Judge
This case was on the Court's May 24, 2021 trial calendar for New York City. The parties jointly moved to continue it because respondent reasonably wanted to review in some detail an amended return that petitioner had filed. Petitioner's business had receipts and expenses of more than $6 million/year, so everyone recognized that this might take take a while. All agreed that IRS Appeals was the best place to try to get this done, and the parties recently reported progress. The case can stay on a status-report track, and it is
ORDERED that the parties file another joint status report on or before September 7, 2021 to describe their progress toward settlement at IRS Appeals.