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.

Sunday, March 25, 2018

Researching For Deductions

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I was skimming a Tax Court case that almost made me laugh out loud. It initially caught my attention because it involved a deduction f...
Sunday, March 18, 2018

A CPA Draws A Fraud Penalty

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I see that a CPA drew a fraud penalty. There is something you don’t see every day. The CPA is Curtis Ankerberg. He practices in Or...
Sunday, March 11, 2018

Fewer Like-Kind Exchanges in 2018

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The new tax bill changed like-kind exchanges. This is Section 1031, which was and is a tax provision that allows one to defer taxes on...
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Sunday, March 4, 2018

Should I Have A Separate Bank Account For …?

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One of the accountants recently told me that a client had asked whether he/she should set-up a separate bank account for their business. ...
Sunday, February 25, 2018

A Divorce Decree And Past Taxes

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Let’s say that a couple divorces. The divorce decree stipulates that liability for previous federal taxes will be split 50:50. They had al...
Sunday, February 18, 2018

An Engineer Draws A Tax Penalty

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We have spoken in the past about clients I would not accept: one with an earned income credit, for example. The tax Code requires me to g...
Sunday, February 11, 2018

Saying Goodbye To Employee Business Expenses

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Let’s talk about miscellaneous itemized deductions - likely for the last time. These are the deductions at the bottom of the form whe...
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Cincinnati Tax Guy
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