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 borrow. Show all posts
Showing posts with label borrow. 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.  ...
Thursday, January 26, 2017

Caution With S Corporation Losses

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I was talking with a financial advisor from Wells Fargo recently. No, it was not about personal investments. He advises some heavy-hitt...
Wednesday, December 4, 2013

A Rollover As Business Startup Got “ROB”bed

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We have talked before about ROBS. This is when one borrows money from his/her IRA to start a business.   ROBS have become increasingly ...
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