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 discharge. Show all posts
Showing posts with label discharge. 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...
Sunday, March 8, 2020

Taxpayer Fail On Discharging Taxes Through Bankruptcy

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I have an IRS notice sitting on my desk. I meant to call the IRS about it on Friday, but it got away from me. I will call on Monday. I...
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...
Friday, August 5, 2016

Can You Have Cancellation Of Debt Income If You Are Still Paying On The Debt?

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Harold is a native Hawaiian. He has worked in the telecommunications industry for more than 40 years. In 1996 he founded Summit Communicati...
Friday, August 21, 2015

Difference Between An Advance And A Loan

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Do you remember when the Washington Redskins and the Miami Dolphins went to the Super Bowl? It was 1983, and I was living in Florida at...
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Cincinnati Tax Guy
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