Opinion
28235-21S
05-25-2023
WILLIAM WALTER LOTHROP, JR. & FELICITY NICOLE LOTHROP, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Adam B. Landy, Special Trial Judge.
On May 12, 2023, the Commissioner filed a Motion for Entry of Decision. This motion asked the Court to enter a decision reflecting a deficiency, and no accuracy-related penalty due from petitioners for the year at issue. The motion stated that petitioners do not object to the granting of the motion and entering a decision in accordance with the proposed stipulated decision document.
Upon due consideration of the Commissioner's motion and pursuant to the agreement of the parties in this case, it is
ORDERED that the Commissioner's Motion for Entry of Decision, filed May 12, 2023, is granted. It is further
ORDERED AND DECIDED: That there is a deficiency in income tax due from petitioners for the taxable year 2018 in the amount of $12,240.00; and
That there is no penalty due from petitioners for the taxable year 2018 under the provisions of I.R.C. § 6662(a).