Opinion
3264-24S
05-07-2024
NATHAN CARDELL THOMS & STEFANI NICOLE THOMS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Kathleen Kerrigan Chief Judge.
On April 25, 2024, the Court received and filed a letter by petitioners dated April 22, 2024. Therein, petitioners state that they "have been in contact with the Internal Revenue Service and * * * [are] in the process of resolving the Notice of Deficiency." Petitioners further state that they "would like to formally withdrawn and/or cancel the submission to petition the court to resolve this matter."
In a deficiency case, as here, we are generally required to enter a decision specifying the amount of the deficiency, if any, for the taxable year at issue. See I.R.C. § 7459(d); Estate of Ming v. Commissioner, 62 T.C. 519 (1974). We are therefore unable to grant the relief that petitioners seek. However, in view of petitioners' letter, we will take action as set forth below.
In consideration of the foregoing, it is
ORDERED that, on or before July 8, 2024, the parties shall file either a proposed stipulated decision or a joint report regarding the then-present status of this case.