Opinion
23556-21
01-11-2024
JOHN R. PEASLEY & SARAH J. PEASLEY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Mark V. Holmes, Judge.
This case is on the March 4, 2024 Las Vegas, Nevada trial calendar. Petitioners moved without objection on November 29, 2023 for a second continuance. We spoke with them today to discuss progress. It turns out that of the many issues raised in the notice of deficiency, only a few remain unsettled. It is possible that those few may be settled shortly or that an impasse will be reached. It is reasonable to think that a trial may still be possible if the remaining issue or issues turns out to be not that complex. It may also turn out that any remaining issues are still capable of settlement, but needs just a bit more time.
We will therefore not act now on the motion for continuance, but instead check in again with the parties in a month to see where things stand. It is therefore
ORDERED that on or before February 9, 2024 the parties submit settlement documents, or file a joint status report describing their progress toward settlement at IRS Appeals and the probability that any remaining unsettled issues could be tried on short notice in March.