Opinion
3923-20S
01-12-2022
James Bola Omotosho, III Petitioner v. Commissioner of Internal Revenue Respondent
ORDER AND DECISION
Peter J. Panuthos Special Trial Judge.
When this case was called from the calendar on November 1, 2021, at the remote New York, New York trial session of the Court, the parties appeared and were heard. The parties advised that a basis of settlement had been reached. The parties read into the record the terms of the agreement. The Court directed the parties to submit a Stipulated Decision by January 7, 2022. On January 7, 2022, respondent filed a Motion For Entry of Decision in this case. In his motion, respondent indicates that petitioner agreed in an exchange of emails on November 1, 2021, that he would sign and return the settlement document, however, as of the date of the motion, the settlement document had not been received by respondent.
The Court is uncertain as to why petitioner has not signed and returned the decision document to respondent, but it is clear that the parties intended to settle this matter as set forth in Exhibit H of respondent's motion. The Court will grant the motion.
Upon due consideration, it is
ORDERED that respondent's Motion For Entry of Decision, filed January 7, 2022, is granted. It is further
ORDERED AND DECIDED that there is a deficiency in income tax due from the petitioner for the taxable year 2017 in the amount of $98.00.