Opinion
20325-22
01-30-2024
STEPHEN E. PALMER & RACHEL E. PALMER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Kathleen Kerrigan Chief Judge
On January 29, 2024, the parties filed a Proposed Stipulated Decision. Because of a typographical error in the Proposed Stipulated Decision, the Court is unable to enter it. Nevertheless, the agreement of the parties in this case is clear to the Court.
In view of the foregoing, to give effect to the agreement of the parties, and for cause, it is
ORDERED that the parties' Proposed Stipulated Decision, filed January 29, 2024, is recharacterized as the parties' Settlement Stipulation. To give effect to the basis of settlement reflected in that document, it is further
ORDERED AND DECIDED: That there is no deficiency in income tax due from, nor overpayment due to, petitioners for the taxable year 2020; and
That there is no penalty due from petitioners for the taxable year 2020, under the provisions of I.R.C. § 6662(a).