Opinion
1674-20
07-26-2022
CHARLES JOSEPH VALENZA, JR., Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Tamara W. Ashford, Judge.
On July 22, 2022, pursuant to the Court's May 24, 2022, Order, respondent filed a Status Report, apprising the Court of the then present status of this case. Respondent reports that petitioner was ultimately able to obtain check ledgers relating to his Schedule C businesses for the years at issue, with the exception of one year for one Schedule C business. Respondent also reports that on Friday, June 10, 2022, an in-person meeting at respondent's office occurred where respondent, petitioner, and an assigned revenue agent reviewed the documentation. Respondent further reports that at the conclusion of the meeting, petitioner agreed to prepare schedules for each Schedule C business which summarize and categorize the individual expenses listed in the check ledgers by year; these summary schedules will ultimately be used to verify expenses and determine their deductibility. According to respondent, to date, petitioner has provided a summary schedule for one Schedule C business for the 2016 taxable year; petitioner is working diligently to prepare the remaining schedules and obtain the remaining check ledger or bank statements for the one missing year at issue. Respondent requests that the Court allow the parties to file additional status reports in 60 days further detailing progress made toward resolution of the issues in this case. Upon due consideration, it is hereby
ORDERED that the parties shall, on or before September 23, 2022, file status reports, separately or jointly, apprising the Court of the then present status of this case.