Opinion
26281-22S
09-11-2024
BRIGHT AFAMEFUNA OGBOGU & MICHELLE ROSS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Lewis R. Carluzzo, Chief Special Trial Judge.
This case for the redetermination of a deficiency was recalled from the calendar in Dallas, Texas, on September 10, 2024, for hearing on respondent's motion for continuance, filed August 2, 2024. Bright Afamefuna Ogbogu and counsel respondent appeared, announced that a basis of settlement had been agreed upon and made an oral joint motion for entry of decision.
Premises considered, and for cause set forth more fully in the transcript of the above-referenced proceedings, it is
ORDERED that respondent's motion for continuance is moot. It is further
ORDERED that the oral joint motion is granted. It is further
ORDERED and DECIDED that for 2020, there is no deficiency in petitioners' federal income tax, petitioners are not liable for an I.R.C. section 6662(a) penalty, and petitioners' federal income tax has not been overpaid.