Opinion
5557-19
08-18-2021
Richard O. O'Neil, Jr Petitioner v. Commissioner of Internal Revenue Respondent
ORDER
Mark V. Holmes Judge
This case was on the Court's October 19, 2020 trial calendar for New York City. Progress had stopped because of Mr. O'Neil's concerns about the pandemic. The Court expected the rollout of the vaccine would enable the parties to work out a settlement. The parties recently reported that petitioner has provided additional documentation to his accountant, and petitioner reports that his accountant has prepared an amended return for taxable year 2014. On July 15, 2021, petitioner provided the amended return for taxable year 2014 to respondent's counsel. The parties are optimistic that they can work together to come to an agreement on the issues with respect to the taxable year 2014 return, which are limited to Schedule E items. The parties reasonably ask for an additional 60 days to review the amended return and discuss settlement. It is therefore
ORDERED that on or before September 17, 2021 the parties shall file decision documents or file a joint status report to describe their progress toward settlement or a narrowing of the issues to be tried.