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 6651. Show all posts
Showing posts with label 6651. Show all posts
Sunday, December 10, 2023

A Ponzi Scheme And Filing Late

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I am reading a case involving a late tax return, a Ponzi scheme, and an IRS push for penalties. It made me think of this form: It is used ...
Sunday, July 9, 2023

Choose The Lesser Of IRS Grumpiness

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  Let’s talk about the failure to file (FTF) penalty. Most of us must file an annual income tax return. Unless one is an expat (that is, a...
Sunday, March 12, 2023

Self-Sabotaging A Penalty Abatement

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  The opinion is two and a half pages. It is one of the shortest opinions I have seen. That was – frankly – what caught my interest. Fra...
Sunday, September 18, 2022

No Penalty Abatement When Taxes Not Paid For Years

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  I am looking at a case where the taxpayers wanted penalty abatement for reasonable cause. I have been cynical for years about the IRS al...
Sunday, July 8, 2018

Amending Your Way Into A Penalty

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I have a set of tax returns in my office for someone who dropped off the tax grid for years. I suspect we will be fighting penalties and r...
Friday, January 29, 2016

A Baseball Player Gets Hit By A Penalty

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I have a question for you: let’s say you are a professional athlete. You have hired a financial advisor and an accountant. You give the...
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