Olsen v. Commissioner of Internal Revenue

Full title: Preston Olsen & Elizabeth Olsen, Petitioners v. Commissioner of Internal…

Court: United States Tax Court

Date published: Jun 10, 2021

No. 26469-14 (U.S.T.C. Jun. 10, 2021)

Opinion

26469-14 21247-16

06-10-2021

Preston Olsen & Elizabeth Olsen, Petitioners v. Commissioner of Internal Revenue, Respondent

ALBERT G. LAUBER JUDGE.

ORDER AND DECISION

ALBERT G. LAUBER JUDGE.

On April 6, 2021, the Court filed its Memorandum Opinion (T.C. Memo. 2021-41) which states at the end thereof that "Decisions will be entered under Rule 155." On June 4, 2021, the parties filed an Agreed Computation for Entry of Decision. Accordingly, it is

ORDERED AND DECIDED that there are deficiencies in income tax due from petitioners as follows:

Year	Deficiency
2010	$13, 219.00
2011	22089
2012	26097
2013	26718
2014	20668

It is further

ORDERED AND DECIDED that there are no penalties due from petitioners for the taxable years 2010-2014 under the provisions of I.R.C. § 6662(a).