Opinion
13323-23
07-02-2024
CARMELO LOMONACO, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Kathleen Kerrigan Chief Judge
For cause, it is
ORDERED that the parties' Proposed Stipulated Decision, filed June 28, 2024, 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 there is a deficiency in income tax due from petitioner for the tax year 2021 in the amount of $7,916.00; and
That there is no penalty due from petitioner for the tax 2021 under the provisions of I.R.C. § 6662(a).