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 profit. Show all posts
Showing posts with label profit. Show all posts
Sunday, June 11, 2023

Gambling As A Trade Or Business

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  The question came up recently: How does one convince the IRS that they are a professional gambler? The answer: it is tough. But not im...
Sunday, January 15, 2023

A Good Hire Can Help Prove You Are Serious About A Business

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If you have gig, there is a presumption in the Code that it will be profitable. Mind you, it may not be profitable every year. Not even Fo...
Saturday, April 23, 2022

A Model Home As A Business

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  What does a tax CPA do a few days after the filing deadline? This one is reviewing a 17-page Tax Court case. Yes, I would rather be wa...
Sunday, April 21, 2019

Converting A Residence To A Rental

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I have a client who owns a very nice house. Too nice, in fact, at least for its neighborhood. My client used to have a contracting busines...
Monday, March 25, 2019

Captain Eddie’s Firefly

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The case starts with: Edward G Kurdziel is the only man in America licensed to fly a Fairey Firefly. He is also the only man in America ...
Friday, November 24, 2017

When The IRS Says Loan Repayments Are Taxable Wages

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Here is a common-enough fact pattern: (1) You have a company. (2) You loan the company money. (3) The company has an unprofita...
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