- 4 -
1451, 1455 (1986); see also Jeff D. v. Andrus, 899 F.2d 753,
759 (9th Cir. 1989).
We will enforce a stipulation of settlement, whether filed
or orally stipulated into the record, unless justice requires
that we do otherwise. Adams v. Commissioner, 85 T.C. 359,
375 (1985); Sennett v. Commissioner, 69 T.C. 694 (1978);
Saigh v. Commissioner, 26 T.C. 171, 177 (1956). In the instant
case, justice does not require that we do otherwise. The record
speaks for itself and shows that the parties agreed to resolve
this case in the manner set forth therein. The stipulation of
settlement memorialized in the record, voluntarily entered in
settlement of this lawsuit, must be given binding effect. The
parties struck a bargain in the stipulation, and petitioner must
live with the benefits and burdens of it.
To reflect the foregoing,
An appropriate order will be
issued granting respondent's motion
for entry of decision, and decision
will be entered in accordance
with the respondent’s computation.
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