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 bad. Show all posts
Showing posts with label bad. 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, September 1, 2019

The IRS Does Not Believe You Made A Loan

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The issue came up here at command center this past week. It is worth discussing, as the issue is repetitive and – if the IRS aims it your ...
Sunday, November 6, 2016

The Mary And Brad Story

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"With respect to petitioner wife’s Federal income tax for 2008, the Internal Revenue Service … determined a deficiency of $106,733 an...
Wednesday, November 25, 2015

Helping Out A Family Member’s Business

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Let’s say that you have a profitable business. You have a family member who has an unprofitable business. You want to help out the fami...
Thursday, August 14, 2014

What Does It Take To Claim a Business Bad Debt Deduction?

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Do you know what it takes to support a bad debt deduction? I am not talking about a business sale to a customer on open account, wh...
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