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 residence. Show all posts
Showing posts with label residence. Show all posts
Sunday, May 19, 2024

Income And Cancellation of Indebtedness

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  I am reading a case about cancellation of indebtedness income.   Let’s take a moment to discuss the concept of income in the tax Code.  ...
Monday, August 28, 2023

The Augusta Rule And Renting To Yourself

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I came across the Augusta rule recently. This is Code section 280A(g), the tax provision that allows one to rent their home for less than ...
Sunday, December 11, 2022

A House And A Specialized Trust

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I saw a QPRT here at Galactic Command recently, It had been a while. These things are not as common in a low interest rate environment. ...
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...
Sunday, July 1, 2018

TurboTax and Penalties

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I am looking at a case that deals with recourse and nonrecourse debt. Normally I expect to find a partnership with multiple pages of r...
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