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 28, 2018

Spotting A Contribution

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Do you think you could spot a tax-deductible donation? Let’s begin by acknowledging that the qualifier “tax-deductible” kicks it up a ...
Tuesday, July 24, 2018

What Is Unclaimed Property?

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I was reading an IRS Revenue Ruling that made me laugh, albeit in a cynical way. Here is the issue: If an IRA is being sent to a sta...
Sunday, July 15, 2018

A Bank Of America Horror Story

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A major corporation hounds you almost to the point of death. You sue. You receive a settlement. Is it taxable? Like so much of tax law...
Sunday, July 8, 2018

Amending Your Way Into A Penalty

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I have a set of tax returns in my office for someone who dropped off the tax grid for years. I suspect we will be fighting penalties and r...
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...
Sunday, June 24, 2018

Cincinnati Reds, Tax And Bobbleheads

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Did you hear about the recent tax case concerning the Cincinnati Reds? It has to do with sales and use tax. This area is considered du...
Saturday, June 16, 2018

Deducting a Divorce

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I am looking at two points on a case: (1)  The IRS wanted $1,760,709; and (2)  The only issue before the Court was a deduction for...
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Cincinnati Tax Guy
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