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 bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts
Sunday, May 19, 2024

Income And Cancellation of Indebtedness

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  I am reading a case about cancellation of indebtedness income.   Let’s take a moment to discuss the concept of income in the tax Code.  ...
Tuesday, March 23, 2021

When Is Divorce A Tax-Deductible Theft?

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  I am reading a case involving tax consequences from a divorce. More specifically, the (ex) wife trying to deduct $2.5 million as a theft...
Sunday, January 10, 2021

IRS Collection Statute Expiration Date (CSED)

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  I consider it odd. I have two files in my office waiting on the collection statute of limitations to expire. It is not a situation I o...
Sunday, August 2, 2020

Are You Insolvent Or Not?

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There is a case called Hamilton v Commissioner . It was recently decided in the 10 th Circuit, and it caught my eye. Since it went to a C...
Sunday, May 31, 2020

Paying Tax On Borrowed Money

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I am looking at a Tax Court case where the IRS was chasing almost two-thirds of a million dollars. It involves an attorney and something c...
Sunday, March 8, 2020

Taxpayer Fail On Discharging Taxes Through Bankruptcy

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I have an IRS notice sitting on my desk. I meant to call the IRS about it on Friday, but it got away from me. I will call on Monday. I...
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Cincinnati Tax Guy
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