Opinion
17495-21S
03-24-2022
Jeffrey Van Wagenen and Heather Van Wagenen Petitioners v. Commissioner of Internal Revenue Respondent
ORDER AND DECISION
Maurice B. Foley Chief Judge
For cause, it is
ORDERED that the parties' proposed stipulated decision, filed January 31, 2022, is recharacterized as a stipulation of settlement. In order to give effect to the basis of settlement reflected in that document, it is further
ORDERED and DECIDED that there is no deficiency in income tax due from, and no overpayment due to, the petitioners for the taxable year 2017 tax year; and
That there is no penalty due from the petitioners for the taxable year 2017 under the provisions of I.R.C. section 6662(a) penalty. 1