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 inherit. Show all posts
Showing posts with label inherit. Show all posts
Sunday, February 18, 2024

The Consistent Basis Rule

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  I was talking to two brothers last week who are in a partnership with their two sisters. The partnership in turn owns undeveloped land, wh...
Sunday, June 4, 2023

The Gallenstein Rule

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  It is a tax rule that will eventually go extinct. It came to my attention recently that it can – however – still apply. Let’s set it u...
Sunday, April 26, 2020

IRA Changes For 2020

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  The issue came up last week with a retired client, so let’s talk about it. What is going on in 2020 with your IRAs? There are se...
Sunday, November 17, 2019

New Life Expectancy Tables For Your Retirement Account

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On November 7, 2019 the IRS issued Proposed Regulations revising life expectancy tables used to calculate minimum required distributions f...
Sunday, November 11, 2018

Can Creditors Reach The Retirement Account Of A Divorced Spouse?

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Let’s say that you divorce. Let say that retirement savings are unequal between you and your ex-spouse. As part of the settlement you rece...
Friday, October 26, 2018

Rolling Over An Inherited IRA

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I am not a fan of the 60-day IRA rollover. I admit that my response is colored by being the tax guy cleaning-up when something goes aw...
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