- 6 - adjustments. On December 30, 1986, Mr. DeCastro executed a stipulated decision on behalf of petitioners that states as follows: DECISION Pursuant to agreement of the parties in the above- entitled case, it is ORDERED AND DECIDED: That there is a deficiency in income tax due from the petitioners for the taxable year 1978 in the amount of $23,000.00; That there are no additions to the taxes due from the petitioners for the taxable year 1978, under the provisions of I.R.C. sec. 6653(a); and That there are no additions to the taxes due from the petitioners for the taxable year 1978, under the provisions of I.R.C. sec. 6621(d). On the same date, Mr. DeCastro mailed a check to Mr. McWade, signed by petitioners and made payable to the IRS in the amount of $53,571, representing $23,000 in tax and $30,571 in interest. Mr. McWade executed the stipulated decision on April 27, 1987, and mailed the document to the Court. On March 30, 1987, Mr. McWade filed a Motion to Sever petitioners' case from docket No. 17445-82. Shortly thereafter, the Court granted the motion, severed petitioners' case from docket No. 17445-82, and assigned the case docket No. 8922-87. On May 8, 1987, the Court entered the parties' stipulated decision as described above in docket No. 8922-87.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011