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 TurboTax. Show all posts
Showing posts with label TurboTax. 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, September 20, 2020

A Failed E-Filed Return Hit With Penalties

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  I have noticed something about electronic filing of tax returns, especially state returns: there is a noticeable creep to demanding more a...
Sunday, July 1, 2018

TurboTax and Penalties

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I am looking at a case that deals with recourse and nonrecourse debt. Normally I expect to find a partnership with multiple pages of r...
Saturday, February 21, 2015

An Interim Report On Tax Season

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I was speaking with a colleague earlier this week who wants to set up a tax storefront. That means a place that prepares taxes, probabl...
Wednesday, December 7, 2011

Olsen v Commissioner

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You may recall that there is a”super” penalty that the IRS can assess if one understates his/her tax by too much. This penalty is not trivia...
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