Opinion
32850-21
11-08-2022
GEORGE LOIS, LUKE LOIS, NEXT FRIEND & ROSEMARY LOIS, DECEASED, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
DECISION
Emin Toro Judge
Pursuant to the Stipulation of Settlement of the parties filed October 28, 2022, and incorporating herein the facts stipulated by the parties as the findings of the Court, it is hereby
ORDERED AND DECIDED that there is a deficiency in income tax due from petitioners for the taxable year 2018 in the amount of $25,303.00; and
That there is no penalty due from petitioners for the taxable year 2018 under the provisions of I.R.C. §6662.