Opinion
11569-20
03-17-2022
Thera LLC Petitioner v. Commissioner of Internal Revenue Respondent
ORDER
Emin Toro, Judge
This case is currently calendared for trial during the Court's April 4, 2022, San Francisco, California, trial session. On February 9, 2022, the parties filed a Motion for Continuance of Trial (Doc. 11). The motion states that "the parties believe that a settlement is possible given additional time." Later on February 9, 2022, the parties filed a Stipulation of Settled Issues (Doc. 12). The stipulation states that "the parties consider [the] Stipulation of Settled Issues to resolve all of the issues in the case and to be a binding settlement." By Order served February 11, 2022, the parties were directed to file on or before March 14, 2022, either a supplement to their motion indicating whether the case has been settled or a stipulated decision document.
On March 14, 2022, the parties filed a Supplement to Motion for Continuance of Trial (Doc. 15) informing the Court that the parties have reached a basis for settlement and requesting additional time to finalize the computation of the tax deficiency and to prepare an agreed decision.
Upon due consideration, it is hereby
ORDERED that the parties' Motion for Continuance of Trial as supplemented is granted in that this case is stricken from the April 4, 2022, San Francisco, California, trial session. It is further
ORDERED that, on or before May 4, 2022, the parties shall file with the Court either a joint report (or, if that is not expedient, then separate reports) describing the status of the case or a stipulated decision document. It is further
ORDERED that jurisdiction of this case is retained by the undersigned judge. 1