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 compromise. Show all posts
Showing posts with label compromise. Show all posts
Tuesday, March 5, 2024

IRS Gets Called Out In Offer In Compromise Case

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  I am looking at an offer in compromise (OIC) case. These cases are almost futile for a taxpayer, as the Tax Court extends broad deferenc...
Sunday, June 18, 2023

Offer In Compromise And Reasonable Collection Potential

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Command Central is working two Collections cases with the same revenue officer. For the most part, I am staying out of it. There is a youn...
Wednesday, August 10, 2022

Collections and Hutzpah

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  An old partner of mine would have called it “hutzpah.” The case is ridiculous, but it does give us a chance to review the tolling of the...
Sunday, December 12, 2021

Giving The IRS A Reason To Reject Your Offer In Compromise

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  Can the IRS turn down your offer in compromise if the offer is truly the best and most you are able to pay? My experience with OICs and ...
Sunday, May 30, 2021

Talking Tax Levies

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I don’t see it very often. I am referring to an IRS bank levy. However, when it happens it can be disrupting. Let’s distinguish betwee...
Sunday, August 16, 2020

Talking Frankly About Offers In Compromise

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I am reading a case involving an offer in compromise (OIC). In general, I have become disinclined to do OIC work. And no, it is not just...
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