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 S. Show all posts
Showing posts with label S. Show all posts
Monday, December 30, 2024

The IRS Goes Rounds With Cohan

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  The decision begins with the IRS seeking taxes of $805,149, $1,145,104, $1,161,864, and $831,771 for years 2013 through 2016. The penaltie...
Sunday, August 11, 2024

An S Corporation Nightmare

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Over my career the preferred entities for small and entrepreneurial businesses have been either an S corporation or a limited liability comp...
Sunday, September 17, 2023

Unforced Error on Short Stop

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  I am reading a case concerning interest expense. While I have seen similar accounting, I do not recall seeing it done as aggressively. L...
Saturday, April 30, 2022

Basis Basics

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I am looking at a case involving a basis limitation. Earlier today I accepted a meeting invite with a new (at least to me) client who may ...
Sunday, January 30, 2022

An Attorney Learns Passthrough Taxation

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  I have worked with a number of brilliant attorneys over the years. It takes quite a bit for a tax attorney to awe me, but it has happened....
Sunday, January 16, 2022

Mean It When You Elect S Corporation Status

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I am looking at an odd case. I see that the case went to Tax Court as “pro se,” which surely has a great deal to do with its general incoh...
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