Opinion
14057-20 14060-20
11-02-2023
L&L APPRAISALS, INC., ET AL., Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Tamara W. Ashford Judge.
On October 31, 2023, pursuant to the Court's August 3, 2023, Order, respondent filed a Status Report, apprising the Court of the then present status of these consolidated cases. Respondent reports that on October 10, 2023, he received several documents from petitioners' counsel, along with a correspondence summarizing petitioners' positions with respect to the constructive dividend determinations for the 2013 taxable year. Respondent further reports that petitioners' counsel also indicated in the October 10, 2023, correspondence that additional analysis of petitioners' books and records for the 2014 taxable year is forthcoming. According to respondent, he is in the process of reviewing the documents he received on October 10, 2023, and evaluating the arguments raised in petitioners' correspondence for the purpose of facilitating settlement discussions or narrowing the issues for trial. Finally, respondent reports that he intends to continue to work with petitioners' counsel to either resolve these cases or alternatively prepare the cases for trial. Upon due consideration, it is hereby
ORDERED that the parties shall, on or before January 31, 2024, electronically submit to the Court an agreed stipulated decision document or file status reports, separately or jointly, apprising the Court of the then present status of these cases.