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 liability. Show all posts
Showing posts with label liability. Show all posts
Saturday, December 28, 2024

The Old Three And Two

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  You will recognize the issue. During 2017 Mary deNourie worked at a retail store. She had wages of $11,516 and social security of $7,559...
Sunday, December 22, 2024

Tomato Supplier Must Change Accounting Method

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  Let’s talk about when we can deduct something on a tax return. We are talking about accrual accounting. Cash accounting would be easy: y...
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...
Sunday, September 4, 2022

A Penalty Against A Tax Preparer

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  Did you know that the IRS can assess penalties against a tax preparer as well as a taxpayer? I am looking at an IRS Chief Counsel Memora...
Sunday, October 17, 2021

Owing Partnership Tax As A Partner

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  We have wrapped-up (almost) another filing season here at Galactic Command. I include “almost” as we have nonprofit 990s due next month, b...
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