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 corporation. Show all posts
Showing posts with label corporation. 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, December 30, 2024

The IRS Goes Rounds With Cohan

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  The decision begins with the IRS seeking taxes of $805,149, $1,145,104, $1,161,864, and $831,771 for years 2013 through 2016. The penaltie...
Sunday, August 11, 2024

An S Corporation Nightmare

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Over my career the preferred entities for small and entrepreneurial businesses have been either an S corporation or a limited liability comp...
Sunday, August 4, 2024

Section 1244 Stock: An Exception To Capital Loss

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I was looking at a case involving Section 1244 stock. I remember studying Section 1244 in school. On first impression one could have expec...
Sunday, June 2, 2024

Paying Personal Expenses Through A Business

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I am looking at a tax case. It reminds me of something. There is a too-common belief that paying an expense through a business can someh...
Sunday, September 17, 2023

Unforced Error on Short Stop

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  I am reading a case concerning interest expense. While I have seen similar accounting, I do not recall seeing it done as aggressively. L...
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