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.

Saturday, July 30, 2016

Can You Have A Mortgage Interest Deduction Without A Mortgage?

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A new client comes in to meet with you. Let's call him Burley. Burley lives with his girlfriend, Julie, who purchased a house. The...
Friday, July 22, 2016

Spouses Owning Businesses, Divorce And Taxes

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A fundamental concept in taxation is that an “accession to wealth” represents taxable income, unless the Code says otherwise. There are...
Sunday, July 17, 2016

Credit Card Debt And Yankee Doodle Dandy

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There is a tax doctrine known as the Cohan rule. It is named after the American composer and playwright George M. Cohan, the subject of the...
Saturday, July 9, 2016

What Does It Mean To Rely On A Tax Pro?

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You may know that permanent life insurance can create a tax trap. This happens when the insurance policy builds up cash value. Nice thi...
Friday, July 1, 2016

Stop Shoveling, Mr. Edwards

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I am looking at a case where the IRS assessed over $1 million in tax and over $790,000 in penalties against a taxpayer. Apparently ...
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Cincinnati Tax Guy
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