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 Cohan. Show all posts
Showing posts with label Cohan. Show all posts
Monday, January 24, 2022

A Failure To Keep Records

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You have to keep records. Depending upon, this can be easy. Say that you have a job and a money market account – two sources of income. At...
Sunday, October 3, 2021

Uber Driver Failed To Report Income

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I am reading a case concerning an Uber driver who ran afoul of Form 1099 requirements. The amounts at issue were impressive.            ...
Sunday, August 18, 2019

You Sell Your Lottery Winnings

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I was looking at a case where someone won the New York State Lottery. I could have worse issues, methinks. But there was a tax iss...
Sunday, September 24, 2017

A CPA Goes Into Personal Audit

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Folks, if you wind up before the Tax Court, please do not say the following: … petitioner testified that allocating some of the expenses ...
Sunday, July 17, 2016

Credit Card Debt And Yankee Doodle Dandy

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There is a tax doctrine known as the Cohan rule. It is named after the American composer and playwright George M. Cohan, the subject of the...
Wednesday, June 27, 2012

IRS Fires Revenue Agent Who Lost Own Case in Tax Court

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Would you be aggressive on your taxes if your job was on the line? I am reading Agbaniyaka v Commissioner . Benjamin Agbaniyaka (Ben) sta...
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