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 cancel. Show all posts
Showing posts with label cancel. 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.  ...
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...
Saturday, November 12, 2016

You Got Repossessed And The Bank Says You Have HOW MUCH Income?

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I ran into a cancellation-of-debt issue recently. You may know that – should the bank or finance company cancel or agree to reduce yo...
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Cincinnati Tax Guy
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