Schwartz v. Commissioner

MALCOLM and SHARON K. SCHWARTZ, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

Schwartz v. Commissioner

Docket No. 135-94

United States Tax Court

1994 U.S. Tax Ct. LEXIS 87;

October 20, 1994, Entered

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MICHAEL DICKER, Counsel for Petitioners, Topel Forman, Chicago, Illinois.

WILLIAM E. BOGNER, Assistant District Counsel, Chicago, Illinois.

Norman H. Wolfe, Special Trial Judge.

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Norman H. Wolfe

DECISION

Pursuant to the 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 1989 in the amount of $ 5,438.00.

It is hereby stipulated that the Court may enter the foregoing decision in the above-entitled case.

It is further stipulated that, effective upon the entry of this decision by the Court, petitioners waive the restrictions contained in I.R.C. § 6213(a) prohibiting assessment and collection of the deficiency (plus statutory interest) until the decision of the Tax Court becomes final.

STUART L. BROWN

Chief Counsel

Internal Revenue Service

Date: 10/14/94

Date: ___