Opinion
147-21
01-25-2022
Vartan V. Tabakian & Roubina Boyadj Tabakian Petitioners v. Commissioner of Internal Revenue Respondent
ORDER
Mark V. Holmes, Judge
This case is on the Court's April 4, 2022 trial calendar for Los Angeles, California. On January 18, 2022, the parties moved to continue it. We spoke with them on January 24, 2022 to gauge progress. Petitioner identified the major issue as the substantiation of an S corp's legal fees and professional expenses incurred as a result of the now-concluded investigation. Despite the large sums involved, that makes it a case typical of those that can settle at IRS Appeals. All agree it makes sense to try to do so, and it is
ORDERED that the January 18, 2022 motion for continuance is granted in that this case is stricken from the Court's April 4, 2022 trial calendar. It is also
ORDERED that this division of the Court retains jurisdiction. It is also
ORDERED that on or before April 18, 2022 petitioner shall file a status report that briefly describes progress toward settlement.