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 charity. Show all posts
Showing posts with label charity. Show all posts
Saturday, August 2, 2025

New Rules for 2026 Charitable Contributions

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  I have been going through the provisions of the new tax bill (One Big Beautiful Bill Act), which I refer to as OB3 (Oh Bee Three). I like ...
Monday, July 21, 2025

A Skeleton Return And Portability

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  The amount for 2025 is $13.99 million. This is the lifetime exclusion amount for combined gift and estate taxes. You can give away or di...
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...
Sunday, January 28, 2024

Using A Fancy Trust Without An Advisor

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  I am a fan of charitable remainder trusts. These are (sometimes) also referred to as split interest trusts. What is an interest in a tru...
Saturday, April 22, 2023

Blowing Up A Charitable Remainder Trust

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I was helping a friend (and fellow CPA) with a split-interest trust this busy season. Let’s review the tax jargon in this area. A split-...
Monday, June 13, 2022

The Sum Of The Parts Is Less Than The Whole

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  I am looking at a case involving valuations. The concept starts easily enough: ·       Let’s say that your family owns a business.   ...
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