Opinion
11157-22S
08-30-2023
RICHARD A. STAMBOUGH & THERESA L. STAMBOUGH, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Richard T. Morrison Judge.
On December 23, 2022, the parties filed a Joint Status Report (Doc. 9) advising the Court that the parties had reached a basis for settlement. The Status Report outlined the terms of the settlement and requested additional time to run computations and submit to the Court an executed decision document. The Status Report was signed by both petitioners Richard A. Stambough and Theresa L. Stambough, in addition to counsel for respondent. On January 6, 2023, the Court ordered this case's jurisdiction to be retained by the Undersigned, the case to be stricken from the Court's January 17, 2023, Louisville, Kentucky Trial Session, and for the parties to file status reports. On April 10, 2023, respondent filed a Motion for Entry of Decision (Doc. 14). On May 9, 2023, the Court ordered petitioners to file a response to respondent's Motion for Entry of Decision by June 8, 2023.
As of the date of this Order and Decision, no response has been received by or on behalf of petitioners.
Given the foregoing, it is
ORDERED that respondent's Motion for Entry of Decision is granted. It is further
ORDERED and DECIDED that there is a deficiency in tax due from petitioners for tax year 2018 in the amount of $6,878; and
That there is no penalty due from petitioner for tax year 2018 under the provisions of I.R.C. § 6662(a).