Cincinnati Tax Guy

Steve Hamilton is a Tampa native and a graduate of the University of South Florida and the University of Missouri. He now lives in northern Kentucky. A career CPA, Steve has extensive experience involving all aspects of tax practice, including sophisticated income tax planning and handling of tax controversy matters for closely-held businesses and high-income individuals.

Showing posts with label 3520. Show all posts
Showing posts with label 3520. Show all posts
Monday, June 30, 2025

An Ugly Case Over An Ugly Penalty

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  You know that the IRS pays especial attention to foreign transactions of U.S. citizens. We are to report foreign bank accounts, for exampl...
Sunday, March 19, 2023

A Too Rare Taxpayer Win Over Foreign Reporting

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I have become cynical about IRS penalties. Like many accountants, I initially learned that penalties were in the system as a deterrent. If...
Wednesday, June 19, 2013

The IRS Is Looking For Hundreds of Thousands of Canadian Trust Returns

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The IRS wants us to believe that there are hundreds of thousands of Americans who have failed to file required U.S. tax returns for the...
1 comment:
Wednesday, January 2, 2013

The Mexican Fideicomiso and Foreign Trusts

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This topic originated with Karl, who owns a condo in Puerto Vallarta, Mexico. Karl was incredulous when I had him file a foreign tr...
1 comment:
Thursday, December 15, 2011

Be Careful With Foreign Tax Information Returns

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Today we filed an extension for a client company with a foreign subsidiary. I was recently reading a Chief Counsel’s Advice concerning the s...
Thursday, October 20, 2011

Do You Have To Report Foreign Gifts?

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My brother-in-law is married to an English citizen. My other brother-in-law lives near Saffron Walden, north of London. Perhaps it is becaus...
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