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 asset. Show all posts
Showing posts with label asset. Show all posts
Monday, September 2, 2024

Taxing A 5-Hour Energy Drink

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  I am skimming a decision from the Appeals Court for the District of Columbia. I am surprised that it is only 15 pages long, as it involves...
Monday, July 1, 2024

A Charitable Deduction To An Estate

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  I had a difficult conversation with a client recently over an issue I had not seen in a while. It involves an estate. The same issue wou...
Tuesday, March 5, 2024

IRS Gets Called Out In Offer In Compromise Case

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  I am looking at an offer in compromise (OIC) case. These cases are almost futile for a taxpayer, as the Tax Court extends broad deferenc...
Sunday, February 18, 2024

The Consistent Basis Rule

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  I was talking to two brothers last week who are in a partnership with their two sisters. The partnership in turn owns undeveloped land, wh...
Sunday, July 5, 2020

Requesting A Payment Plan With Over $7 Million In The Bank

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Sometimes I wonder how people get themselves into situations. Let’s take a look at a recent Tax Court case. It does not break new grou...
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...
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Cincinnati Tax Guy
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