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 repay. Show all posts
Showing posts with label repay. Show all posts
Sunday, March 22, 2026

Social Security And A Claim Of Right

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  I am reading a Tax Court case. I disagree with commentary on the case. Let’s talk about Michael Smith and his 2022 tax return. Mic...
Sunday, August 28, 2022

Repaying a COVID-Related Distribution

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Do you remember a tax break in 2020 that allowed you to take (up to) $100,000 from your IRA or your employer retirement plan? These were cal...
Sunday, August 14, 2022

A Foreclosure And A Mortgage Interest Deduction

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I am looking at a case involving mortgage interest. While I get the issue, I think the taxpayers got hosed. I am going to streamline the det...
Sunday, September 1, 2019

The IRS Does Not Believe You Made A Loan

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The issue came up here at command center this past week. It is worth discussing, as the issue is repetitive and – if the IRS aims it your ...
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...
Sunday, September 17, 2017

Paying Back The ObamaCare Subsidy

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I do not see many tax returns with the ObamaCare health exchange subsidy. Our fees make it unlikely. However, take an ongoing clien...
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