Opinion
11717-21
03-04-2022
Michael R. Parker & Kelly D. Parker Petitioners v. Commissioner of Internal Revenue Respondent
ORDER AND DECISION
MAURICE B. FOLEY CHIEF JUDGE
Because of an obvious typographical error in the caption of this case as shown on the proposed stipulated decision, filed February 24, 2022, it is
ORDERED that the proposed stipulated decision is recharacterized and treated as a stipulation of settlement. To give effect to the basis of settlement agreed upon between the parties as reflected in that document, it is further
ORDERED and DECIDED that there is a deficiency in income tax due from petitioners for the taxable year 2017 in the amount of $113,669.00, and that there is no penalty due from petitioners for the taxable year 2017, under the provisions of I.R.C. §6662(a).