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, January 26, 2020

Maple Trees, Blueberries and Startup Expenses

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It is one of my least favorite issues in tax law. It is not a particularly technical issue; rather, it too often imitates theology and met...
Sunday, January 19, 2020

Nigerian Oil And IRS Termination Assessment

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I am reading a 34-page case that starts with the following: During the first quarter of 2015 petitioner received about $750,000 from ent...
Sunday, January 12, 2020

Can You Have Reasonable Cause For Filing Late?

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I am looking a reasonable cause case. For the non-tax-nerds, the IRS can abate penalties for reasonable cause. The concept makes sense...
Sunday, January 5, 2020

Having Assets And Filing An Offer In Compromise

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I glanced at the case because it involved an offer in compromise, a collections hearing, a lien and currently noncollectible (CNC) status....
Sunday, December 29, 2019

Change In The Kiddie Tax

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Congress took a tax calculation that was already a headache and made it worse. I am looking at a tax change included in the year-end b...
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