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 hardship. Show all posts
Showing posts with label hardship. Show all posts
Friday, December 5, 2025

The IRS Causing Economic Hardship

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  It is a famous case. It is also an example of different Collection rules not playing well together. We find Kathleen Vinatieri and the...
Sunday, September 18, 2022

No Penalty Abatement When Taxes Not Paid For Years

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  I am looking at a case where the taxpayers wanted penalty abatement for reasonable cause. I have been cynical for years about the IRS al...
Saturday, July 10, 2021

Exceptions to Early Distribution Penalties

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  What caught my eye about the case was the reference to an “oral opinion.” Something new, methought. Better known as a “bench opinion.’...
Sunday, October 30, 2016

When Hardship Is Not Enough

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Let’s talk a bit about hardship distributions from your retirement plan – perhaps your 401(k). You may know that you are not suppos...
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