Opinion
10246-23S
02-22-2024
DAISY PEREZ & WILBERT PACHECO, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Kathleen Kerrigan, Chief Judge
On February 20, 2024, the parties filed a Proposed Stipulated Decision. Because of a typographical error contained in the proposed decision document, the Court is unable to enter it. Nevertheless, the agreement of the parties in this case is clear to the Court.
Upon due consideration, and for cause, it is
ORDERED that the parties' Proposed Stipulated Decision, filed February 20, 2024, is recharacterized as the parties' Stipulation of Settlement. In order 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. sec. 6662(a).